Recent Blog Posts
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The $4.5 Billion Dollar Bank Run
Nov 07 201111:20 am EDT -
The Times' Rorshach Geithner Story
Apr 27 20099:26 am EDT -
Sinking Animal Spirits
Apr 27 20098:45 am EDT -
Counter-cyclical Urban Policy
Apr 26 200910:00 am EDT -
Be Your Own Counterfeiter
Apr 26 20099:36 am EDT -
Being Tim Geithner
Apr 25 200912:37 pm EDT -
Notes From a Press Conference Naif
Apr 25 20099:41 am EDT -
What Good is the News?
Apr 25 20098:32 am EDT -
Stressful Enough
Apr 24 20092:29 pm EDT -
Not Regretting the Pound
Apr 24 20091:09 pm EDT
Links
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Extra Credit, Wednesday Edition
Dalmady to Stanford International Bank: Show Me The Money! Alex Dalmady comes right out and says that the $8 billion doesn't exist. Right now, I'm inclined to agree with him: I asked the Stanford spokesman this afternoon if he was sticking by his press release saying that SIB has $8 billion in assets, and he said that he'd have to call me back. He never did.
Related: SIB failed to deliver a $62 million check it had promised to fund the acquisition of Emageon. Emageon stock fell 44% on the news.
Almost 700 Merrill executives paid $1m-plus bonuses: The top four recipients took in a combined $121 million. But hey, look at the money they made for shareholders. Or, you know, don't.
Bad news from the pasta-industrial complex: Yet another leading indicator, but at least this one's tasty.
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