Opinion: Deposit delays are just the latest example of our broken financial system ...Middle East

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Opinion: Deposit delays are just the latest example of our broken financial system
Opinion by Ed Mierzwinski (CNN) — When untold numbers of Americans looked in their bank accounts last week for their directly deposited paychecks, the money wasn’t there. The Clearing House, the banking association and payments company behind the Automated Clearing House (ACH) system many of us use for instant transactions, blamed those delayed deposits on a “processing error.” The Clearing House admits the error was its fault — “not caused by the financial institutions that originated or received the payments, or the businesses or other accountholders that initiated them.” However, the Clearing House downplayed the problem,  telling CNN on November 4 that the issue “impacted less than

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