Tuesday, November 8, 2011

Wal-Mart Is the New Bank

#OWS doesn't hold a candle to Walmart when it comes to threatening banks. Most people don't realize most CC transitions go through Walmart terminals, ahead of BofA merchant services.

Throughout the last ten years, since their initial petition to actually become a bank was denied, they have been steadily gaining the wire transfer and money order market from working class people who are disenfranchised with banks or don't realize its better to have a banking acct.

What does the future have in store for us? Will we live in Walmart suburbs after a 'Demolition Man'-like brand war? Is Sam Walston the Dear Leader or Big Brother of tomorrow?

Wal-Mart Is the New Bank

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