Tuesday, June 12, 2007

Corporate Welfare Looks like this -- and Dan Onorato is leadership for the future? He is stuck in the past as he backs this give-a-way.

Tuesday takes - Pittsburgh Tribune-Review PNC Financial Services Group says it will acquire Yardville National Bancorp. of New Jersey for $403 million in cash and stock. This is the same banking giant, fresh off a $6 billion-plus acquisition of a big Baltimore bank, that posted a first-quarter 2007 profit of nearly half-a-billion dollars and had a 2006 profit of $2.6 billion. Tell us again, PNC, why you need $48 million of taxpayer money to help you build your new Three PNC Plaza skyscraper?

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