Armed with a $380M check, American Express (NYSE:AXP) buys back warrants that would have let the...

Armed with a $380M check, American Express (NYSE:AXP) buys back warrants that would have let the government buy 24.3M shares, and leaves TARP once and for all. Analysts say the buyback price was in line with Goldman Sachs' (NYSE:GS) $1.1B, another sign the Treasury has stiffened its stance amid Congressional pressure.

Comments

[Poor Texan]

What happened to the great profits the taxpayer was supposed to make off the TARP? Maybe we didn't have enough hope!