Michael Stockman and Michael Roseman may have had the same title at MF Global, but their testimony highlighted distinct differences in actual roles, responsibilities and perspectives. And salary.

To suggest that MMFs exist in a hidden “shadow” world simply distorts reality.

Javelin's James Van Dyke says young, would-be money movers face "the Occupier's Dilemma": they like the idea of community-based institutions, but are more attached to the large banks' tech offerings.

Caught between Democrats and Republicans, Freddie Mac is guilty of the ultimate sin: owning something it can't easily explain.

Shareholders, forgotten in post-crisis banking, are rediscovering their rights and beginning to challenge bank managements.

Deus Ex Macchiato has some fun with the Rumsfeld quote about "known knowns" and "unknown unknows," proposing that there is yet another variation: "the things that we are too lazy to know."

The largest institutions face feeble economic growth, a moribund housing market, chronically high unemployment, regulatory uncertainty and low rates as far as the eye can see. How will they make money?

To absorb a large warehouse operation would require purchasing the whole bank, not just the warehouse business.

Bank managers are far more willing to add things requiring their teams' time and attention than to ever eliminate entrenched practices of dubious value.

Under a recently-enacted law, Obama is to reduce Iranian oil revenue by punishing banks that make payments to Iran's central bank. This use of the payments system raises fundamental issues.

The crisis understandably pushed the debate surrounding our global financial competitiveness to the back burner. The poor state of the U.S. economy, however, should provide the reason to renew this debate now.

The foreclosure reviews mandated by the Fed and the OCC have a better chance of helping current and future borrowers than the state attorneys general settlement, if it ever happens.