Industry NewsMarkets & Economy

Banking on humor to bail out industry

Editorial: Is this April Fools' Day?
Published on Nov 11, 2008

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by CareyBot

Today, American Express announced that the credit-card company has been converted to a bank, following the same move by Morgan Stanley and Goldman Sachs last month. This entitled them to receive federal financing.

GM is jockeying for federal bailout funds, and others are expected to line up for help.

Here is a fresh list of other firms and companies from the real estate world that are getting federal help

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