American Express Has $275 Million Charge for Quarter

[Anonymous]

Thought maybe you guys would like to see this.

http://www.bloomberg.com/apps/news?pid=20601087&sid=atutQQocOMnA&refer=worldwide

[marty56]

No wonder why the wanted me to pay $95 a year for their Green Card.

[orl2185]

Nice ad, thanx for posting it. Counsumer spending aught to drop significantly this year as predicted.

[Anonymous]

Over 4.9 billion dollars in unpaid loans? No wonder they are checking people reports on a regular, and cutting them off when they see fit. They are trying to cut them off at the path!!

[TULO30]

Interesting article. I am always surprised to see just how much the housing debacle is affecting the economy in general.

Message Edited by TULO30 on 01-11-2008 01:27 AM

[Red1Blue]

Interesting article. Thank you. I have decided to do PIF on all the cards that I use and maintain a 40%savings and weather the storm. From what I hear every where it is going to be gloomy in 2008. My stock portfolio fell 30% in the last 6 months. My 401K investments I am moving them to most safe locations.

[MidnightVoice]

Interesting:

Chief Financial Officer Daniel Henry said on a conference call today the rate that customers repaid loans worsened ``quite suddenly'' in December, leading to the change in 2008 estimates. The weakness was isolated to U.S. consumers, not overseas or business spenders, he said...........

 ``Credit-card performance will noticeably deteriorate during the year, given spillover from residential mortgages, weaker economic trends, and higher levels of unemployment,'' Fitch Ratings said today in a report on the U.S. industry.

[Anonymous]

OK  I won't do this (take that Amex).  But it sort of explains the F/R paranoia going on ove there.

Message Edited by Brammy on 01-11-2008 08:36 AM

[Anonymous]

WATCH YOUR CL'S!!!!!!!!!!!!!!!