Wednesday, November 05, 2008

US sub-prime crisis

Still remember this from WAT 2007?? Now... read this line from an article that I have found yesterday:
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On October 24, 2008 PNC Bank announced that it had finalized a purchase agreement for National City. The acquisition will be a stock purchase transaction to be completed by the end of 2008. National City will be merged into PNC and the National City brand will be dissolved.
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Another bank bite the dust. Does anyone still have money inside....or negative balance?? I think that will be written off as bad debt.

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