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Reply #10: PNC had been hanging in there really well until the LEH [View All]

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Lucky Luciano Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-13-09 11:55 PM
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10. PNC had been hanging in there really well until the LEH
bankruptcy. They were avoiding many of the problems...then Lehman struck...then they bought NCC for which TARP money was helpful since NCC going down would have been kinda bad. Also, the stock is restricted...they cannot touch it and it must vest...they are highly motivated to get the stock price up by the time they can touch it!
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