> If these firms make it (and based on their business models they will),
The fact that Amex can't get private investment says that the smart money thinks that they're a dumb bet. (There tons of money around. Buffet isn't the only one snapping up actual bargains.)
It may be that the Amex biz model works but Amex the company can't do it. In that case, the loan is a dumb idea. Let someone else pay to take a shot at it.
Feel free to invest your money, to get together with others if need be. If you're right, you make out. If you're wrong, I don't lose.
The fact that Amex can't get private investment says that the smart money thinks that they're a dumb bet. (There tons of money around. Buffet isn't the only one snapping up actual bargains.)
It may be that the Amex biz model works but Amex the company can't do it. In that case, the loan is a dumb idea. Let someone else pay to take a shot at it.
Feel free to invest your money, to get together with others if need be. If you're right, you make out. If you're wrong, I don't lose.