More news about the Steel City, and this should bring a smile to your face. Apparently, PNC has purchased, with TARP* assistance, National City - a Cleveland based bank. In a segment on congressional news heard by me on DC NPR radio station WAMU (not to be confused with WAMO!!) they featured an Ohio representative question ing this use of the TARP funds. The phrase that stuck our for me was when he said..."When a Pittsburgh bank buys a Cleveland bank, it's not good!".
*= Trouble Asset Relief Funds
'nuff said
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