Hanky Panky Paulson and Uncle Ben to Pay my Amex CardSubmitted by undergroundpizza on Wed, 11/12/2008 - 15:13
Bailout mania continues. They should start a website for christmas list submissions.
Earlier this week, American Express received approval from the Federal Reserve to become a bank holding company, which is a similar structure to traditional commercial banks. The credit card company now has access to financing from the Fed and the ability to grow a large deposit base.