Should Wal-Mart Be Allowed To Own a Bank? (Gillespie on CNBC This Morning)

Not a commercial bank, but an "industrial loan corporation," a sort of in-house bank that would cover 140 million credit card, debit card, and electronic check payments Wal-Mart makes each year. More here.

I'll be debating that question on CNBC's Morning Call at 11:10AM ET.

Bonus Too Much Information: I'll be wearing a pair of $7 jeans (Rustler Golds, a cheapo Wrangler brand, if such a thing can even exist, god help me) I bought several years ago at a Wal-Mart in Oxford, Ohio.