The timing of the bank sale could have been better, but you can't blame management for the timing. Mellon did not, and could not, see that interest rates would fall to 45-year lows right after the sale of the bank.
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Republic is going to have to pay the price of what's gone on here. Is that price large enough to kill the deal The answer at this time is no. But there is a better than 50 percent chance that the offering price has to be lowered.
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Everything they did in this communication was as if they had something to hide. They flunked it big-time.
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It's a resolution of a long-simmering cloud that'd been hanging over this company. Though it's painful, the resolution could have been worse. It's good news that it's resolved.
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Based on Keywords: mellonAs you know, Social Security functions under the premise that today's workers will help finance benefits for retirees and that these workers will then be supported by the next generation of workers paying into the same system.
Steve Israel
I like America anyway. In Japan we are much more formal. If two friends are separated for a long time and they meet they bow and bow and bow. They keep bowing without exchanging a word. Here they slap each other on the back and say: Hello, old man, how goes everything.
Sessue Hayakawa
If I was sad or afraid, I would sit in a corner and sing. If I was happy I would jump into the middle of the room and sing. It was how I expressed my emotions.
Nana Mouskouri