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Stanford Claimed $5.1 Billion, Had $173 Million, Ex-CFO Says San Francisco Chronicle "At the present burn rate of withdrawals we had 35 days to 45 days of cash left," James M. Davis, the former Stanford Financial Group Co. chief financial officer, told jurors today at Stanford's criminal trial in federal court in Houston.
Michigan Judge Orders Detroit Finance Study Team to Stop Closed Meetings Bloomberg The financial review team is considering whether Michigan's largest city needs an emergency manager. The review team “flies in the face of the Open-Meetings Act,” Collette said today in issuing the order. The panel is “more than an advisory committee,” ...
