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National City - sell-off is “irrational”

Mon, Sep 29, 2008

Politics

From National City bank interim CFO.

The Cleveland bank’s treasurer and interim chief financial officer, Thomas Richlovsky, said there’s nothing different about National City today than a week ago. While the stock price declined steeply Friday and that trend was continuing today, he said, “This is irrational.”

Nothing different than a week ago?  ROFL!  A week ago, National City was teetering on the edge.  In March, National City was teetering on the edge.  The guy is the “interim” CFO.  LOL!

As of this post, NCC is at 2 bucks a share, down 42% from the open.

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