ptolaw

PNC To Take Hit for Fannie/Freddie Holdings

In addition, PNC disclosed in it's K-8 of September 9, further exposure to claims of financial irregularties and litigation costs therefrom related to its vast interests in newely aquried Sterling Bank Corp. Moreover, PNC (truly a black box) within the pasts few years had similar claims of accounting fraud and actual charges brought against senior managers within its organzation. PNC paid significant fines. Furthermore, within the pasts month or so, since its Cramer (show)outing and subsequent unjustified metoric rise from its July 15th low, numerous directors have been routinely exercising their stock options and SELLING. Not a sign of confidence. PNC is a 50 dollar stock at best.