It’s sad how much this bailout is going to banks and now credit card companies who over the last couple of years have been sticking it to consumers.
American Express has now gotten themselves a hunk of the bailout by convincing the feds that they are a bank.
“The Federal Reserve on Monday evening granted a request by American Express to become a bank holding company, giving it access to low-cost financing from the Fed.
The Fed said it had approved the application for American Express and a related company, American Express Travel …

The truth and nothing but the truth.

Fox New is running a special on the financial crisis, the verdict?
Democrats have no one to blame but themselves for the present crisis. Where we are at today was caused by nothing more than the inaction, greed and incompetence of Senator Chris Dodd, Senator Charles Schumer, Senator Barney Frank, three of the most vocal voices this week on the bailout.
How dare they? Easy, because up to now they were getting away with it. No more.
Back on September 14th, Bloomberg posted this indictment of the present crisis and …