In the drudgery of tracking LabCorp’s tender offer for Orchid Cellmark that likely will bury mishandling of forensic evidence if allowed to proceed, I stumbled across yet another glaring insult.
It won’t directly endanger your life – unlike forensics foul-ups that contribute to incarcerating thousands of innocents while the guilty find new victims.
It’s more along the lines of a sucker punch.
The two links below verify the 9.7% that passive investors’ mouse clicks will earn from a low-risk tender offer involving Crescent Finance/Crescent State Bank … compared to the from .05% to .5% that Crescent State Bank depositors are earning on their savings accounts, money that was likely earned from work involving much more than mouse clicks.
The other party in the offer – Piedmont Community Bank Holdings – would be more befittingly named Piedmont Community Bank Chokeholdings, I’m thinking.
Moving your money to a credit union or local bank won’t be a sucker punch, it’ll be another well-deserved roundhouse.