Quote:
Originally Posted by nevermind65
This has been going on for a while now.
Pittsburg National Bank got almost 8 billion in bailout money. Instead of using it for bailout purposes, they went and bought a local bank, National City. The feds refused to give National City money for some unknown reason. National was one of the top 50 banks in the U.S. and had more holding than PNC and was technically in better financial shape.
This whole bailout is nothing more than a big rip-off. Take from the taxpayers and give to the incompetent. Citi already had 24 billion in bailout given to them, then they went back for more. We, the taxpayers, are getting screwed by BOTH sides.
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Isn't that about the same thing that B.O.A. did so they could become the largest bank in the U.S.and now they are crying for more bailout money.
Ron
