Wednesday, November 12, 2008

AMEX now wants $3.5 billion

Yesterday AMEX was approved as a bank holding company. Today they want your taxpayer money--$3.5 billion of it.

AMEX is just another company that has tremendous credit risk, and it is just another company, like Citigroup, that is attempting to mask it's rapidly deteriorating financial condition with money from the Fed.

Except this time, AMEX is charging you.

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