In message #873, "midniterambler007" continues to put a Clintonesque spin on the facts. Let's take a look. He says that "One of the biggest economic development projects in WV in the last ten years concerns the development of and along U.S. 119 from Charleston to Williamson". He is correct, at least to the extent that the construction of "Corridor G" was, in and of itself, a huge project, consuming millions of dollars of federal taxpayer monies. However, even today, there is no evidence of any significant privately funded so-called economic development [i.e., manufacturing plants, etc.] along this expensive highway. Heay....this is not secret stuff. Come see for yourself. Next, "midniterambler007" asserts to me "your contention that Matewan had no real internal core growth is equally suspect". IMHO, he has misrepresented my views: my post said "Matewan has experienced very little internal core growth"; an observation borne out by Matewan's own figures. Next, "midniterambler007", responding to my observation that "Matewan's efficiency ratio has been going in the wrong direction", gives us some information about the cause of the declining efficiency ratios. His information is correct. The readers should note, however, that Matewan's expansion was going on at a time when many, many other commercial banks were expanding, too, and at a time when commercial bank profits, capital, and asset quality were reaching all-time highs even with the banks' expansions. Next, "midniterambler007" takes issue with a statement I'd made that said "..the majority of Matewan's commercial loans are collateralized with either coal mining equipment and/or coal trucks..". Again, "midniterambler007" is patently misrepresenting information even though it is found in Matewan's public filings. Readers: Please, go to the sources and make your own determination.
Finally, "midniterambler007" states "You strike me as one with an axe to grind with Matewan". Axe to grind ???? For making a factual observation about Matewan's MARKET ? Go figure, folks.