Market Features
Today's Outrage: Kucinich Could Kill Nat City
I've got a new name for Rep. Dennis Kucinich (D., Ohio): Dennis the Menace.
This two-time failed presidential candidate is fighting Pittsburgh-based PNC Bank's (PNC)takeover of Cleveland-based National City (NCC) because he fears the merger will result in job losses in his district. What does he think will happen if National City doesn't get bought? Kucinich's home-town bank is laden with high-risk mortgage loans and posted losses for five quarters in a row before the takeover was announced. Oh, by the way, National City had already cut thousands of jobs and planned to cut thousands more before PNC stepped in. National City got itself in this mess, and its board signed off on the takeover. Halting the process now may just end up killing National City. So give it a rest, Dennis, and stop being such a menace.TheStreet Premium Services
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn MoreTo begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
|
|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-2.71%
|
Data delayed 20 minutes |
Connect with TheStreet