Tagged: Banking

Be honest, now.

Is 1-2-3-4 the password to some of your supposedly secure accounts?

If so, as Nick Berry of the analysis firm Data Genetics told All Things Considered's Robert Siegel, you're definitely not alone. When it comes to bank cards, he says, "the single most common password is 1-2-3-4 and over 10 percent of all cards use that particular number."

With less than seven weeks to go before the presidential election, former Minnesota Gov. Tim Pawlenty is leaving his job as co-chairman of the Mitt Romney campaign to take a top Washington lobbying job.

Pawlenty, 51, will become the next CEO of the Financial Services Roundtable, whose 100 members include many of the nation's largest banks and insurance and securities companies.

We think of the power of the Federal Reserve as the power of money. After all, the Fed is the one institution that can create U.S. dollars out of thin air.

But recently, Ben Bernanke has argued that the Fed has another, critical power: the power of words. And when you're the chairman of the Fed, a few words can go a long way.