Banking on humor to bail out industry
Editorial: Is this April Fools' Day?
By Inman News, Tuesday, November 11, 2008.
Flickr photo by Nesster.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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