[Cdnone1]

I had a similar experience.
I own a Company in Canada and we use the Amex card for all our business. The Company regularly puts 25K-50-K a month on the card.
Last month we had $40,000.00 on the card and missed the payment by five days. Amex called me the first day it was over due at my home in LA as the card is guaranteed by me personally. They told me the card ha been frozen already and when could they expect payment?
Now i understand that we where over due but this was the first day and we have had far larger amounts over due by a few days with out any action by Amex.
Our Bank in Toronto had put a hold on a large check (or cheque in Canada) for a few days and I explained this to Amex and we paid $25,000 towards the bill the first day it was over due as good faith.
Amex called me everyday and twice on the fifth day even though it had been paid but had not hit their account yet.
I think they are really worried because for the first time in their history they are having a problem with high profile and high end consumers defaulting.
It makes sense from their business point of view.
Also their stock is down from mid 60's to mid 20's

Steve