American Express (AXP): False Sense of Security?

It is no secret that I am no big fan of the bank and financial sector, particularly the consumer credit divisions. The numbers out from American Express Company ( NYSE:AXP ), show that during Q1 they saw a 6% decrease related to credit card losses and reported a significant increase in total spending and credit usage by [...] SHARETHIS.addEntry({ title: "American Express (AXP): False Sense of Security?", url: "http://www.thedisciplinedinvestor.com/blog/2008/04/25/american-express-axp-false-sense-of-security/" });