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...Global imbalances is one of the 22 areas that the panel is supposed to investigate as a possible cause of the credit crunch. But in two days of hearings, which included testimony from top financial executives, economists, analysts, regulators and a hedge fund manager, there wasn't a single question that had to do with what role foreign investment might have played in creating the crisis. (See the worst business deals...

Author: /time Magazine | Title: Did Foreigners Cause America's Financial Crisis? | 1/15/2010 | See Source »

...prevent a similar crisis from happening again is the question that Caballero thinks we are getting wrong. He believes reforming the U.S. financial system is only part of the answer. Foreign investors, he says, need to change their behavior as well. Specifically, Caballero believes the U.S. needs to encourage foreign governments to hold a range of U.S. investments, instead of just funneling all of their money into say Treasuries or mortgage bonds. One way to do that is to require foreign governments or investors who only buy Treasuries or mortgage bonds to place a certain portion of their U.S. investments...

Author: /time Magazine | Title: Did Foreigners Cause America's Financial Crisis? | 1/15/2010 | See Source »

...have caused an accident, which type of automobile insurance would cover damage to your own car? A. Comprehensive B. Liability C. Term D. Collision 37% of high school seniors answered this question correctly

Author: /time Magazine | Title: $tudent $avvy | 1/14/2010 | See Source »

...savings in the event of a sudden increase in inflation? A. A 10-year bond issued by a corporation B. A certificate of deposit at a bank C. A 25-year corporate bond D. A house financed with a fixed-rate mortgage 36% of high school seniors answered this question correctly

Author: /time Magazine | Title: $tudent $avvy | 1/14/2010 | See Source »

...away for the baby's education. Which of the following tends to have the highest growth over periods of time as long as 18 years? A. A checking account B. Stocks C. A U.S. government savings bond D. A savings account 17% of high school seniors answered this question correctly

Author: /time Magazine | Title: $tudent $avvy | 1/14/2010 | See Source »

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