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Now we know why Amex behaves the way it does.

tag
Established Contributor

Now we know why Amex behaves the way it does.

 http://biz.yahoo.com/rb/081006/business_us_americanexpress.html?.v=1

 

It seems that Amex failed its own internal financial review. It might not be able to make its own minimum payments and might have to ask for  CLIs from the taxpayer. Smiley Surprised

 

 Needing to remedy its own credit problems, Amex has been decreasing taxpayers credit limits.

 

 Amex is taking those and other adverse actions in the hopes that it won't have to ask the taxpayer for a credit limit increase in order to avoid  going bankrupt itself. Smiley Indifferent

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