Archive for September 29th, 2014
Walmart strikes again…
Progressives are already howling about Walmart’s plan to offer no-cost or low-cost checking accounts. Does Walmart hope these people will become their loyal customers? Of course it does. Will this plan help some of the millions who currently lack affordable access to the banking system? Of course it will. But instead of being pilloried as the great commercial Satan, Walmart should be praised for devising a plan which helps individuals while benefiting itself.
Walmart manages to keep its stores stocked with goods people want and can afford, and is so often on the scene of natural disasters within hours of the events. I have every confidence it can figure out how to run a part of a banking system.
