Spurred by the financial crisis and its impact on their constituents, state attorneys general appear to be carving out a new role as de facto bank regulators.
With all the twists and backroom turns, government officials' quest for a settlement and restitution from banks and mortgage servicers is starting to resemble a 1960s screwball comedy.
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.
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?
