Utah Congressional Delegation Supports Walmart Bank
In a measure sure to steam everyone who hates America's favorite big box, Utah's entire House delegation voted against HR 698, a measure to prevent anyone from opening an industrial bank unless financial transactions account for 85% or more of their business. This also leaves Home Depot and DaimlerChrysler in the lurch, unable to carry out their own plans to create a vertical monopoly of financing and retail. The word on the street is that our own Bob Bennet is going to hold up the bill in the Senate (which passed the House 371-16) and I'd bet Orrin Hatch won't be far behind.
As much as I like this state, I'm sometimes kind of embarrassed to admit that I live here.