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Old Apr 25, 2010 | 4:49 am
  #7  
Centurion
All eyes on you!
20 Years on Site
 
Join Date: May 2002
Location: Arizona
Posts: 5,892
Once again....It seems the plan for Amex after getting bailed out is to slash large credit lines and give out a bunch of small credit lines and small increases so they have huge number of small customers generating more income. Plus when Amex reports with a "little slight of hand with the numbers" they can make it seem like they have not cut back lending but are actually doing more lending. I would have no problem with this but the current administration clearly gave out TARP and let Amex become a bank so they could keep lending. Nothing wrong with being prudent and responsible but clearly they changed tactics with high line customers. I do not think that is what the administration/fed/congress/president intended for finacial institutions like amex.
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