car_guy

Why AmEx Becoming a Bank Holding Company is a Positive Move

So you support Amex getting a bailout for providing credit to uncreditworthy individuals and getting hurt by the credit crunch, but you are against loaning money to the auto companies who are hurting from the same crisis.

This is the type of hypocrisy and regionalism that is a big problem in our country right now. If you work out of New York or California you can take all of the risk you want and the government will cover your downside. If you work in the "rust belt" of the midwest then you are on your own.

It is not the government's place to pick winners and losers. Once they started bailing out Wall Street for making fortunes selling bundles of liar loans to investors, they opened the door to help other companies that are "too big to fail".