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08:50 PM
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#1 |
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Centurion Member
 
Join Date: Jun 2008
Location: Where the smog from the 101 freeway coats my home's windows...
Posts: 634
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Amex to repay bailout money
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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“It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.” -Warren Buffett Current Cards: American Express: Blue Cash, Simply Cash Bank of America: Visa Financial Rewards Platinum Plus Chase: Rewards Visa, Amazon Visa Discover: More Current Everyday Card: American Express Blue Cash |
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04:08 PM
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#2 |
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Centurion Member
Join Date: Apr 2008
Location: Zuma
Posts: 456
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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!!!
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OBAMA Stop talking crap about him and give him a chance! |
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