Stephen Rosenberg discusses lawsuits against State Street Corp. by pension funds that say the company improperly invested their money in risky real-estate funds - which could leave the company vulnerable to hundreds of millions of dollars' worth of damages if it loses:

... [I]t may well be that the administrators' fiduciary duties under those circumstances require them to then try to remedy their initial mistakes by suing to recover the losses, rather than compounding their own fiduciary breaches by simply absorbing the loss; that latter course of action would likely just make the administrators themselves targets for breach of fiduciary duty lawsuits based on their own mistakes in investing in the State Street funds. ...

One of these days, alarms will start blaring at a T stop and people will actually pay attention. But not today, and not at Downtown Crossing, Jenny Frazier reports:

... It took me my entire walk up to the Orange Line to realize that not a single person, including myself, batted an eyelash at the heinously loud alarms. Instead we all just continued on our merry Bostonian way. ...

However, there's good news at State Street, where Fabulously Out There reports on how the MBTA has fixed the ankle-twisting stairs between the Orange and Blue lines.

Third Decade reports spotting three guys playing craps - and a fourth acting as a lookout - at the State Street T stop today:

... At first I thought the location was a little weird (a dark, dirty, stairway at State), then it kind of hit me that they were playing craps. I didn't know people still played that.

Lewis and other Blue Line riders this morning get a nice view of a guy relieving himself on the outbound platform:

... Making Niagra Falls look like a mere faucet drip. Even with the sound of my iPod filling my ears the seemingly collective groan of the people who saw you was clearly audible. And to make it even worse is the fact that there were three MBTA "police" standing on the same platform at the other end. Obviously being really oblivious to what they are paid to do. Police the station. ...