ALL BUSINESS: Investors choose cash as an asset class, which is bad for stocksNEW YORK — That old saying “cash is king” certainly rings true these days. Investors can’t seem to get enough of it, which ultimately could be bad news for the stock market and the economy. ALL BUSINESS: Tools for investors to use to understand finances of the nation’s banksNEW YORK — Confused about the state of the banking crisis? About whether good banks are back, or bad banks are multiplying? ALL BUSINESS: Federal Reserve should boost transparency as it gains new regulatory powerNEW YORK — The Federal Reserve, which prides itself on never having lost a dime on a loan it made, is sitting on almost $1 billion of debt in a hotel chain that filed for bankruptcy court protection. ALL BUSINESS: Bond-market rout boosts mortgage rates, undermining economic prospectsNEW YORK — The Federal Reserve announced a $1.2 trillion plan three months ago designed to push down mortgage rates and breathe life into the housing market. ALL BUSINESS: Ex-Countrywide leaders look to clean up mortgage mess they helped createNEW YORK — Countrywide Financial placed itself at the epicenter of the housing crisis by making far too many risky loans to homeowners who ultimately couldn’t afford them. Those missteps cost CEO Angelo Mozilo his job when the lender was taken over by Bank of America a year ago at a fire sale price. ALL BUSINESS: Investors sold on bank turnaround, even if accounting tricks fuel good newsNEW YORK — There’s nothing like a little magical math to make banks’ financial woes go away. |