Haters gonna hate...

Reader comment on: Banks Versus Walmart

Submitted by Brock in HK (United States), Jul 11, 2014 03:39

Regulators gonna regulate. And Walmart is one of their favorite targets, I'm sure.

The rules are appropriately applied and fair, it's that the institutions and business models are different, facts which the banker ignores. Deposit taking institutions have to follow the rules on where they lend the deposits they take. Walmart isn't taking deposits, just cashing checks. If the bank doesn't want to follow rules on lending (which by his comments the banker believes to be burdensome and un-economic, no surprise), the bank could simply stop taking deposits - problem solved!


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Other reader comments on this item

Title By Date
Article and banks are mistaken [189 words]ToddJul 11, 2014 19:30
"We're not afraid of competition" means the opposite [47 words]Andrew TerhuneJul 11, 2014 07:18
⇒ Haters gonna hate... [91 words]Brock in HKJul 11, 2014 03:39
The banker is comparing oranges and cucumbers [79 words]LyleJul 10, 2014 16:03
Your take is on the money [62 words]EriKJul 10, 2014 15:21

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