American Express in BIG TROUBLE!

The credit crisis is slowly hitting credit card companies. One of these "credit companies" will be filing for bankruptcy, as many consumers are unable to make their payments. Any care to guess who is FIRST?

American Express, hammered by the credit crisis, says it will slash 7,000 jobs as part of a drastic cost-cutting initiative.

Depression JOBS

Here are a list of jobs one can do when the DEPRESSION HITS:

1. Locksmith: A profession that’s experiencing true growth, no joke this time. If you’d enjoy changing locks on foreclosed homes, a locksmith career might open some doors.

2. Bartender: Everyone drinks their sorrows away during a depression. Take the Bartending course (2 weeks)

3. Silver Collector: Collect silver coins. Check your local coffee shop tills for pre 1967 dimes or quarters (Canadian)pre 1966 coins (US). Take them to your local coin shops. They are worth 10 times face value!

4. Repo Man: Everyone loses their vehicles, boats and other large items from the bank.

5. Blogger: Set up a blog with advertising and collect money on the ads!

6. Credit Collector: Also known as bill and account collectors, try to convince debtors—people who owe money—to pay their overdue bills. Get paid doing it.

Get ready for a tidal wave of BANKRUPT COMPANIES

In a report released Tuesday, ratings agency Standard & Poor's says there are 140 large U.S. companies in danger of not being able to pay their bills in the next few months, up nearly twofold from the beginning of this year. Among the troubled firms on the agency's list are such household names as clothing retailer Eddie Bauer, amusement park operator Six Flags and pizza chain Sbarro. Also on the list are doughnut baker Krispy Kreme and mobile technology titan Palm, as well as a number of the nation's largest airlines, including JetBlue and the corporate parents of United and American.Wickes Furniture and Sharper Image have already gone away. Whitehall Jewelers, Linens 'n Things and Shoe Pavillion are liquidating. And California discount department store Mervyns decided last week that it would go out of business after failing to find a buyer.