Free Republic 3rd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $41,714
51%  
Woo hoo!! And now only $406 to reach 52%!! Thank you all very much!! God bless.

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  • California: Davis gives Wal-Mart 'no sale' for California banking

    10/01/2002 9:08:52 PM PDT · by Ernest_at_the_Beach · 13 replies · 289+ views
    The Sacramento Business Journal ^ | Oct 1, 2002 | staff
    Gov. Gray Davis signed a slew of bills late Monday including one that closes a loophole that would have allowed retail giant Wal-Mart Stores Inc. to enter the banking industry by acquiring an Orange County industrial bank. Wal-Mart's acquisition plans triggered a strong backlash from bankers, who said Congress specifically wanted to keep commercial enterprises such as Wal-Mart out of the bank industry when it overhauled financial services regulation with the 1999 approval of the Gramm-Leach-Bliley Act. Wal-Mart has said it wants to enter the banking industry to satisfy its own banking needs. But bankers fear the retailer will eventually...