Check out this article from the Tribune-Review.
Now remember, PNC took $7billion from TARP. National City’s price tag was $5.6billion. That leaves $1.4billion laying around burning a hole in PNC’s pocket.
Here’s an idea: throw some money at National City’s charitiable causes. A magnanimous idea, if it weren’t OUR money.
PNC: Congrats on taking being the first to use the TARP money to buy another bank. You’ve become a leader in one of the most crooked scams in our country’s history.
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