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How a Wal-Mart Bank Will Harm Consumers
by Counterpunch (reposted)
Let me address two fundamental questions before the FDIC. One is whether the current regulatory treatment of industrial loan banks (ILB) is good policy or whether it is a bad loophole in what is otherwise good, prudential regulation. The other is whether extending an ILB charter to Wal-Mart amounts to a significant expansion of that policy.

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