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.
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.