Wal-Mart Wants to Enter the Banking Business

Wal-Mart Stores Inc. is prepared to ask the U.S. federal government permission to operate its own in-house bank. It is expected to petition the U.S. Federal Deposit Insurance Corp. Monday to open a bank for checks and credit card payments.

“It’s a landmark battle in both U.S. business and financial services history,” said Jerry Comizio, a financial services lawyer for Thacher Proffitt & Wood LLP. Opponents are afraid such a venture could hurt local banks.

The American Bankers Association said in testimony prepared for Monday’s hearing, “The ABA believes that banking is too important to the nation to try such a risky experiment.” Wal-Mart promises that it will stay out of consumer banking.

also an interesting link http://walmartwatch.com/blog/archives/dont_bank_on_it_wal_mart/

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Move Over Bond Girls

A Ross County jail inmate hid a gun so well that not even the guards who did an extensive pat-down found it.

The Cleveland woman hid a loaded handgun inside her body and smuggled it all the way to her jail cell, where it accidentally fired when she was trying to hide it.

"While in the holding cell, she removed a .25-caliber semiautomatic from her vaginal cavity," Chillicothe Police Capt. Tom Hewitt said yesterday.

Victoria Lundy, 41, hid the gun in the toilet-paper holder. It fell to the floor and discharged. The bullet lodged in the ceiling as guards scrambled to quickly recover the weapon, Hewitt said.