Instead of having to identify some sort of policy for his decision making Neel Kashkari is throwing up the typical smoke and mirrors.

I wish Neel had to justify his statements about National City's strength. Yes they had mortgage related losses, but they didn't have the customer attrition that other banks had. Speculation killed NCC more than anything else.

Personally I'm glad that PNC got NCC instead of the absolutely pathetic offer from US Bancorp. Although I wouldv'e liked a NCC - BB&T merger even more.

If any other banks were paying attention there would be an even better offer put on the table. Five years from now NCC's assets will be worth 5-6x what PNC paid for them.