Tag Archives: American Express

Why do corporates get low-cost loans, and citizens get their credit pulled?

Please Mr. Treasury Secretary, look out for the little guys and make sure that Amex (and the other banks) do not just focus on their bottom lines – they should be thinking like any other sustainable and responsible business does – thinking about the impact they have on their local economies, and their potential for damage when hiding from the storm. The Great Depression was locked in place for so many years due to government inaction and the fear the large corporates had when they held onto their reserves. If we do not mandate a process where corporates are required to put the money directly into action within the economy, we will find ourselves in even worse trouble. Continue reading

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