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AMEX changing to bank holding company


By Kim Miller - Posted on 11 November 2008

Throwing a party for AIG employees: $300,000

Buying Bear Stearns: $30 Billion

Being declared bank holding company by the Fed: Priceless

http://www.federalreserve.gov/newsevents/press/orders/orders20081110a1.pdf

(Can't take credit for the sentiment above; found it posted on Barry Ritholtz's economics blog.)

Grrr!  I really, really hate AMEX.  I wish they would take their smug and pretentious commercials and go away.  

Yes America Can!  Yes America Did!

 

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