American Express is a "Bank"?

[Mega]

http://www.afp.com/english/news/stor...0e423.a71.html

HmmmmmmmmmmOne assumes so it will be "Ok" for a bale out?
Mike

[metalman]

Re: American Express is a "Bank"?

http://www.afp.com/english/news/stor...0e423.a71.html

HmmmmmmmmmmOne assumes so it will be "Ok" for a bale out?
Mike

the fed has drawn another line in the water. 'we will stop at this! and no more!!!'

[Nervous Drake]

Re: American Express is a "Bank"?

.

[ricket]

Re: American Express is a "Bank"?

debt dildo

Well that's a new one for me...LOL. Even though it is quite crass, it is still quite funny for some reason. Probably because that's exactly what it feels like...but then I remember that it's not *actually* funny. And then I cry.

[Nervous Drake]

Re: American Express is a "Bank"?

.

[bpr]

Re: American Express is a "Bank"?

Standard Chartered acquired the banking unit of Amex last year.

http://www.forbes.com/2007/09/18/ame...markets15.html

Too bad they lost all of their knowledgeable execs in the deal.