Deep Thoughts

On the news that American Express is seeking $3.5 billion in government funds because the company packaged pools of credit card debt and sold them to investors in the securitization market (good one!), I'm just wondering if (A) this means we won't get those incredibly cool little TV's at majors and (B) if this is part of the USGA's education in improved business practices. 

After all, in Walter Driver's 2007 President's letter, he wrote that the USGA was "learning from our corporate partner, American Express, how to be more responsive and tailored to our individual Members."

Maybe they're packaging pools of lousy handicaps to investors in the secularization market?

Comments

[ArdmoreAri]

What will they bail out next? Definitely not the American taxpaying citizen! I wonder if Uncle Timmy has taken a number and gotten in line???

[The La Habra Post Card Company]

Don't leave home without it.....

American Express

A ride into an oblivion

My horrible attempt at a haiku......

And this is why you don't associate any commercial partners with a NOT FOR PROFIT organization.

[sodface]

Oo! Oo! I'm a bank, too!