1. The Wal-Bank Principle
- Author:
- Peter J. Wallison
- Publication Date:
- 05-2006
- Content Type:
- Policy Brief
- Institution:
- American Enterprise Institute for Public Policy Research
- Abstract:
- At the Federal Deposit Insurance Corporation's (FDIC) recent hearings on Wal-Mart's application to acquire a bank-like institution in Utah that can accept FDIC-insured deposits, a representative of the National Association of Realtors testified that such an acquisition would violate the principle separating banking and commerce. No doubt the banks savored this rare support from the realtors, but what they may not have realized is that the joke is on them.
- Topic:
- Civil Society, Economics, Government, and Politics