Great - Who's next? GM loans money. GE? They have a huge capital arm. Maybe they should be a bank. Can the REIT's qualify as banks? They were added to the no-short list along with the financial stocks, so they are halfway there.
BTW - I hope this clueless blogger above is not the real Obama. Why would someone post such a strong opinion when he clearly has no idea what he's talking about? Not even a vague concept of how business works. Hey wait a minute - I wonder if he really IS the Prez Elect?
American Express Is Now a Bank [View article]
I'm not sure whether to gloat or throw up.
American Express Is Now a Bank [View article]
BTW - I hope this clueless blogger above is not the real Obama. Why would someone post such a strong opinion when he clearly has no idea what he's talking about? Not even a vague concept of how business works. Hey wait a minute - I wonder if he really IS the Prez Elect?