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National City: Not Really Sure What The Problem Is Here.

Shares of National City plunged today, though the bank can't understand why. "Our funding and liquidity levels are good and that is represented by our strong pool of core depositors," Kelley Wagner Amen, a spokeswoman for NC said, taking a page from former Bear CEO Alan Schwartz's playbook. Amen added, "We believe there is extreme market volatility and a bit of irrational speculation at play." Also? "(National City) is far better capitalized than WaMu and Wachovia," so if you could please stop the comparisons that would be top notch.
Earlier: Checking It Twice