PayThink

The FDIC and the Board of Governors of the Federal Reserve System will soon finalize one of the more significant requirements of the Dodd-Frank Act — the mandate for large banking organizations and systemically important nonbank financial institutions to prepare resolution plans, more commonly known as "living wills."

Global custodians have spent decades using bundled fees to mask egregious conflicts of interest and overcharge pension funds, and by extension the taxpayers and public servants who underwrite them.

When Hewlett-Packard discontinued its TouchPad tablet, it sold its remaining inventory at a price that was too good to be true. Pranksters, and possibly fraudsters, caught on quick.

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.