Bill Hartung, Bank Holding Company
The news the other day that American Express is reorganizing itself as a bank holding company so it can access federal bailout funds was the last straw.
"What about us?", my wife and I complained. Why should we hold our breath and hope that some of the hundreds of billions allocated for the big institutions that helped get us into this mess in the first place will somehow trickle down to us?
So, we've decided to reorganize ourselves as a bank holding company, the better to access federal bailout funds.




