From Pine View Farm

When the Dollar Is the Only Value . . . 0

. . . you hear things like this.

The disclosure Friday that a federal grand jury is investigating Bank of the Commonwealth and some of its current and former officers and directors could dampen investor interest and make it much more challenging for the bank to raise capital for its survival, individuals familiar with the financial markets said Monday.

Let’s look at the assumption in it:

    The investigation, not the evidence of misconduct which led to the investigation, is held responsible for the bank’s troubles.

There’s something upside down and backwards about that kind of reasoning.

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