Might this be the moment when Walmart could be allowed entry into banking as such? Bank lobbyists have fought it because they fear the big retailer, but now they're kind of hurting.
Like the Chinese Treasury, they have money. I'm no balance sheet wizard, so I can't really assess Walmart's financial condition, and I'm no M & A person, so I don't know synergies, but they could probably swoop in and snap up WaMu. Just getting the licenses and the franchise would be good, no? They could unwind the real estate portfolio over time and fall back to an in-store model.
Tuesday, September 16, 2008
The buzzards of Bentonville
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2 comments:
Sadly, our fearless leader was crushed to death by his enhanced body part in a freak accident that some speculate was suicide. Apparently he was long on Lehman Brothers.
Alright, this is really being raised to an art form. Somebody needs to collect all these comments and publish them, or perhaps grind them up into a fine powder and slide it surreptitiously into the coctails of one's lady's choice, to spectacular effect....
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