I read the papers or watch the local news and there is outrage because PNC executives traveled to the Super Bowl in a private jet after taking Troubled Asset Relief Program money. First off, the only reason PNC took TARP money was the shotgun wedding to National City. From what I understand PNC did not participate in the subprime pigout.
PNC was an excellent custodian of depositors' money and had an outstanding balance sheet. Like the Steelers, PNC has a habit of doing things the right way. Like the Steelers, PNC comes out on top, while the Cleveland bank, National City, goes out of business. Instead of beating up PNC Bank, the media should be celebrating its success.