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NO MORE BANKS TOUGH TIME because they got the stimulus money already. They got billions of $$$$ so they should be freeing up and open more doors for lending...
Consumers are going through tough time but BANKS are FREEBIES..
@GomerPyle wrote:
AMEX cannot give you what they do not have. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
I could not disagree more with that statement......
CreditCard101 wrote:
NO MORE BANKS TOUGH TIME because they got the stimulus money already. They got billions of $$$$ so they should be freeing up and open more doors for lending...
Consumers are going through tough time but BANKS are FREEBIES..
This is not entirely true. Banks don't even have the money to cover their losing bets - aka credit default swaps. As for Amex, I'm not sure what their exposure to CDS is, if any.
If they dont lend, how are they going to make money?