Word: caballeroes
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...Much of the fault of the financial crisis has been heaped on Wall Streeters, unscrupulous mortgage lenders and weak regulators. But in a new research paper, economist Ricardo Caballero says there is another major group of contributors to America's monetary mess who are not getting the blame they deserve: foreigners...
...There is no doubt that the pressure on the U.S. financial system [that led to the financial crisis] came from abroad," says Caballero, who is the head of MIT's economics department. "Foreign investors created a demand for assets that was difficult for the U.S. financial sector to produce. All they wanted were safe assets, and [their ensuing purchases] made the U.S. unsafe." (See the financial crisis after one year...
...Caballero, who is from Chile, is not absolving American bankers and regulators. But he says investigators and lawmakers who are looking into the financial crisis are spending too much time grilling Wall Streeters and not enough time looking into the global imbalances that are largely to blame. "What worries me is Congress trying to create new regulations, but not asking where the pressure was coming from to create these products," says Caballero. "In terms of formulating a solution, just looking at the U.S. financial system is not the answer...
Brown quarterback Kyle Newhall-Caballero took the snap out of the shotgun formation and lofted the ball for wide receiver Bobby Sewall in the right side of the endzone. Sewall elevated to make the would-be game-winning catch as time expired, but senior linebacker Jon Takamura was there to make sure the ball did not end up in the hands of the Brown wideout as time expired. With the final whistle, the Crimson (1-1, 1-0 Ivy) took home its Ivy League opener, 24-21, in front of 17,263 fans on Friday night under the lights...
...League crown with last season. But thanks to an 80-yard touchdown drive and a recovered onside kick, Brown managed to put itself in a position to win the game with under a minute to play. Starting at his own 20-yard line, Brown quarterback Kyle Newhall-Caballero...