I wish Louisville posted more articles about the potential issues with PNC getting bailout money to buy my bank!
http://www.usnews.com/blogs/the-home-front/2008/10/27/congressman-wants-pnc-nat-city-deal-investigated.html
So, the comptroller of the bailout money, John Dugan, will benefit from denying NCB bailout funds to save herself while giving PNC more than is allowed to buy NCB... Dugan will possibly benefit because he used to be a lawyer for PNC and probably has a giant stake in PNC stock, per my understanding of the article above.
ARRGGH! This one guy wants to investigate it all, so maybe they will overturn the sale and NCB can stay NCB after all! Now that might be ideal.
I'm sitting here in Louisville, getting ready to go to work at my National City branch, and crossing my fingers.
http://www.usnews.com/blogs/the-home-front/2008/10/27/congressman-wants-pnc-nat-city-deal-investigated.html
So, the comptroller of the bailout money, John Dugan, will benefit from denying NCB bailout funds to save herself while giving PNC more than is allowed to buy NCB... Dugan will possibly benefit because he used to be a lawyer for PNC and probably has a giant stake in PNC stock, per my understanding of the article above.
ARRGGH! This one guy wants to investigate it all, so maybe they will overturn the sale and NCB can stay NCB after all! Now that might be ideal.
I'm sitting here in Louisville, getting ready to go to work at my National City branch, and crossing my fingers.
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