The CIA and Riggs Bank.

Media criticism.
Jan. 7 2005 4:10 PM

The CIA and Riggs Bank

A Wall Street Journal story that the press gang should chase.

(Continued from Page 1)

Why would PNC leak? There is an April 30 deadline for the merger, and the removal of corporate criminal liability would help seal the deal. Confirmation of my thesis was provided by the stock market. According to the Pittsburgh Post-Gazette, PNC's hometown newspaper, "The purported link between Riggs and the CIA sent Riggs shares up 7 percent on Friday [Dec. 31]."

******

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Interest declared: Simpson is a friend; a decade ago I edited a couple of his freelance features. Also, the Washington Post Co., which owns Washington's hometown newspaper, will complete its purchase of Slate from the Microsoft Corp. a week from today. I don't think the CIA played a role in the sale, but if it did, I want Glenn Simpson to get to the bottom of it. Send e-mail to pressbox@hotmail.com. (E-mail may be quoted by name unless the writer stipulates otherwise.)

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