We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Everyone's a bank

11 November 2008

The credit card giant is smart to become a bank and get full access to government largesse. However, the Fed has put taxpayers at greater risk from consumer credit woes. That may be worthwhile if it keeps AmEx lending. But the central bank is suffering from mission creep.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)