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Thom's blog
Walmart wants to be your banker....
Walmart isn't satisfied by screwing the poor with low wages and crappy products, so, they've decided to go in to banking. The retail giant was previously denied a banking charter by U.S. regulators, but a new partnership with the Green Dot Corporation means that Walmart will soon offer checking accounts. What could possibly go wrong?
According to a recent article on Alternet.org, Walmart says they're trying to help the poor by offering accounts with no overdraft fees or minimum balance. However, the retailer isn't mentioning the fine print. In order to open an account at Walmart, you'll need to purchase a “starter kit” for three bucks, and make a minimum deposit of $20 dollars. Then, customers will have to pay $2.50 to use an out-of-network ATM, and keep a balance of $500 bucks or pay another $9 dollars a month in fees.
While that may not sound like a lot to some people, it could be a big hit for someone living on minimum wage. And, fees can rack up quickly if someone falls behind. The fact is, the too-big-to-jail banks already get away with outrageous fees and fines, and they don't need Walmart's help to rip off more Americans.
-Thom
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Tonight on The Big Picture on RT TV at 7pm and 10pm... What's WI Gov. Walker spending all that $ on? (check your local listings for stations or stream at RT or Free Speech TV, and catch past shows on Youtube)
 Be sure to check out our new videos: CARBON & LAST HOURS - both narrated by Leonardo DiCaprio
The Best of the Rest...
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Wednesday's Daily Stack 
In for Thom today, Dr. Mike Newcomb, The Mike Newcomb Show on KPHX 1480AM, Phoenix, AZ.
Hour One: Ebola...putting it in perspective
Plus, a conversation with AZ candidate for Governor Fred DuVal- Fred DuVal 
Hour Two: New poll...85% of nurses say we're not ready for Ebola- Bonnie Castillo RN, National Nurses United
Hour Three: Dr. Mike takes your calls...
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Thursday on The Thom Hartmann Program, 3-6pm ET
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Thom and Louise Hartmann founded the New England Salem Children's Village (NESCV) in New Hampshire in 1979. With states delaying payment for the children they entrust to the village, they need help with cash flow. Can you help? Now on Facebook. |
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Thom's Poll
Is there a growing epidemic of police brutality & overuse of force?
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Watch & Listen to Thom
The Republican Caucus Room Conspiracy vs. Ebola
The Ayn Rand Self-Obsessed Cult Has Run Amok!
The Good - The Bad - And the Very Very Manxomely Ugly
The Fear Machine Goes After Ebola
Bryan Fischer Says He’s a Homo-Realist not a Homophobe...
UK Journalist Tom Grundy - Activists in Hong Kong have Agreed to Formal Talks
Is it time to declare the culture wars over?
14 Richest Americans Worth more than Food Stamps...
The Koch Brothers on Race & Civil Rights...
Should Workers be Paid for time in Mandatory Security Lines?
Caller: Thom is Wrong About Peace-Loving Muslims...
Tobacco Kills - When Used as Directed...
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