http://ContrarianEdge.com/2008/11/12/amex-as-a-bank-holding-company/ Vitaliy Katsenelson blog on the economy, stock market, and stocks. Applying Active Value Investing approach. Fri, 18 May 2012 08:51:00 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://ContrarianEdge.com/2008/11/12/amex-as-a-bank-holding-company/comment-page-1/#comment-159996 Steve Thu, 13 Nov 2008 14:15:02 +0000 http://ContrarianEdge.com/2008/11/12/amex-as-a-bank-holding-company/#comment-159996 AXP reorganizing into a BHC is like pleading the 5th. It might as well be an admission of guilt under current circumstances. I agree that in the long-run this is a positive step but in the short-run erodes what little confidence investors might have had in the fundamentals. Further, AXP is now at the mercy of Paulson, who just yesterday proved you cant count on him. AXP reorganizing into a BHC is like pleading the 5th. It might as well be an admission of guilt under current circumstances. I agree that in the long-run this is a positive step but in the short-run erodes what little confidence investors might have had in the fundamentals. Further, AXP is now at the mercy of Paulson, who just yesterday proved you cant count on him.

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