PayThink

Andrew Kahr's excellent discussion of how "Systemic Risk Is About Assets, Not Size" rightly focuses on bubble-inflating movements in the aggregate balance sheet of the financial sector. We should expand on three of his insightful points:

"What fresh hell is this?" to quote the sharp-witted Dorothy Parker. American banking has coped with unprecedented troubles in the last couple of years and now face an interesting new twist — negative interest rates. The notion may disturb our very capitalistic core, but there is no need for panic...yet.

It is now close to three weeks since Standard & Poor's lowered its rating on U.S. debt from AAA to AA+ and we now have had sufficient time to evaluate both the downgrade and the aftermath.

The names and Social Security numbers of 43,000 people associated with Yale University were visible online and searchable via Google for 10 months.

When the final chapter on this housing crisis is written, I hope that I am still around to see those who were responsible for its cause and the feeble attempts to fix it held responsible.

Six people, including four who worked at cashiers at Wal-Mart, are accused of a scam that cost Wal-Mart $125,000 and Citigroup $100,000 in fraudulent transactions.

One CEO recently offered some observations and insights into the credit union business and the reason for being that are among the most eloquent I have heard and are worthy of your attention.

A recent op-ed in American Banker came to shocking conclusions about the future of the credit union industry. Here's where it's wrong.

If the cooperative model continues to be under-exploited by credit unions, we risk being marginalized in the marketplace. The key is to establish a regulatory environment that supports collaboration. Here are five strategies and additional ideas for doing just that.

Since U.S. legislators and regulators failed to learn how banks' shared delusions generate systemic risk, it's not surprising that European banking regulators also missed the point.