AmEx Said to Request $3.5 Billion in U.S. Aid

online.wsj.com ^ | 11/12/2008 | Staff

[Red Badger]

A fool and your money are soon partying..............

[Red Badger]

The Onion? No, it's first printing was in 1957, Atlas Shrugged...........

[HappyinAZ]

ABC lies...it was Independent Financial Planners...each of whom sells AIG products and they each paid their own way. (I live here in AZ...it got a lot of coverage)

But I’m with you on this...but at a complete loss as to what we can actually do. Ideas?

[muawiyah]

I ended up with FOUR separate accounts with AMEXCO with UNLIMITED credit on each.

Not that I have a business to worry about, but we needed a card for the son off in college in a distant state.

The idea was it would enable us to keep track of incidental college expenses and make it possible for him to get an airline ticket for planned trips.

Everything worked out great, but we still have FOUR accounts ~ and all that happened was that AMEXCO's telephone clerks misunderstood that all we wanted was another card, not separate accounts.

They've not taken any action on any of my accounts yet ~ they still have no limits!

[CanadianMusherinMI]

SO true!

[Mad Dawgg]

"That should have been a clue that they are in deep doo-doo. It's probably due to billions of dollars not getting paid on all those lines of credit that they extended to teens, college students and ne'er-do-wells.........."

Well it would make sense to drop a credit line on a borderline customer with a spotty credit rating, but like I said my rating is about as spotless as you can get (My accountant and I review my credit rating on the three major reporting agencies once a quarter)

I buy my materials for our business with the AMEX because everyone of my suppliers take it and prefer it (I have no idea why since AMEX usually has the highest fees) We can easily exceed 40-50K materials a month.

It just does not make sense for a company introuble to chuck away all that money in fees.

[rabscuttle385]

The Money, Banking, and Financial Markets Ping List. "Civilization and profit go hand in hand." —Calvin Coolidge FR Keywords: moneylist, bankinglist, financelist Please tag all relevant threads with the aforementioned keywords. This can be a very high-volume ping list at times. Ping list jointly pinged by rabscuttle385 and TigerLikesRooster. To join the ping list: FReepmail rabscuttle385 with the subject line add  moneylist. (Stop getting pings by sending the subject line drop moneylist.)

[Red Badger]

American Express Company
(Public, NYSE:AXP) -
20.37
-2.03 (-9.06%)

[rabscuttle385]

*Ping!*

[quack]

Circuit City just got a $1.1 Billion loan from BofA.

[mysterio]

If any credit card company gets nationalized, they should have to lower their default rate to 12 percent. If my money is going to bail out those crooks, no one should ever have to pay the company 25 to 30 percent interest ever again.

[amyjane]

Hmm...if AmX is in favor of having its debts wiped out, I wonder why they insist that I pay my bill every month.

[rabscuttle385]

Seems every corporation is crawling out of the woodwork and attempting to squeeze in at the public trough...

Yep!

[djsherin]

psh, 3.5 billion is nothing.

[Red Badger]

That’s odd. BofA is usually a sane lender.........

[70th Division]

After the bail out they might as well of put out a sign “Freebees at the ‘Ol Whore house!

[manic4organic]

Oh, this is rich. Now ObammyPelosiReid will start giving more not only to the corporate charities but the “I gots mines coming” citizenry who elected him. All the while raising taxes on the golden geese that make this economy hum. The money has to run out sometime, doesn’t it?

[staytrue]

When are we, as Americans, going to rise up against this?

I'm ready to rise up and say "What about ME, I WANT MY BAILOUT"

[COUNTrecount]

I buy my materials for our business with the AMEX because everyone of my suppliers take it and prefer it (I have no idea why since AMEX usually has the highest fees) We can easily exceed 40-50K materials a month.

They get paid instantly instead of waiting 30-60 days.Cash flow is king.

[reagan_fanatic]

ENOUGH IS ENOUGH!!!!