Amex to repay bailout money

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Mogul of Pineapples
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Amex to repay bailout money

Postby Mogul of Pineapples » Tue Jun 09, 2009 11:50 pm

As you probably already heard, the Fed gave permission to 10 of the banks to repay the bailout money. American Express was one of them. A lot of people are saying though the only reason the banks want to pay back the money so quick is because they don't want to have to follow the government rules imposed by them. Because they still need the money, the only difference is they are turning to institutional investors and bond sales to raise the money instead.
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Postby Cucumber » Wed Jun 10, 2009 7:08 pm

Here's what I think is going to happen: The economy will begin to recover but then the oil prices go back up and push us into a recession. Have you seen gas the last 6 weeks?! This is out of control!!! :mad:
Stop talking crap about him!

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