So High Above

The Federal Reserve on Monday evening granted American Express request to become a Bank Holding Company so they may take advantage of the Bailout Money that the Congress, President and Treasury Secretary are handing out to banks. Does this mean that every American Family should apply to be a Bank Holding Company so that they can also obtain relief from the massive debt that now saddles the average American Family caused by the economic ruin that the Republican Bush/Cheney Administration Policies have caused? OK, so the rules are against the average American Family becoming a bank holding company, but why should the Federal Reserve allow companies like American Express to become a Bank Holding Company to take advantage of the Bank Bailout? The Quote from Kenneth I. Chenault as reported by the press was, " we want to be best-positioned to take advantage of the various programs the federal government has introduced or may introduce to support financial institutions". Well isn...