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American Express is getting some of the Bailout money!

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redirish28 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-23-08 04:17 PM
Original message
American Express is getting some of the Bailout money!
http://rawstory.com/news/afp/American_Express_to_receive_3_39_bi_12232008.html



The card company. American Express is getting some of the 700Billion !


I am speechless.


Someone tell me there is something good that can come out of this.
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Pyrzqxgl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-23-08 04:19 PM
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1. MAYBE BUSH MAXED OUT HIS CARD
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Idealism Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-23-08 04:26 PM
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2. They were granted holding company status
And as a bank holding organization with finance ties, they are legitimately eligible for TARP funds. Thank Paulson
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