Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History Test | Final Test - Medium

Matt Taibbi
This set of Lesson Plans consists of approximately 129 pages of tests, essay questions, lessons, and other teaching materials.
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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. The author was astonished to learn that a port in what state was on the block for sale?
(a) Maine.
(b) California.
(c) Virginia.
(d) New York.

2. According to the author, __________ and other investment banks were responsible for driving up the price of oil through the commodities speculation market.
(a) Deutche Bank.
(b) Goldman-Sachs.
(c) Bank of America.
(d) Wachovia.

3. Nancy Pelosi is the Minority Leader of ______________.
(a) The United States Senate.
(b) The United States House of Representatives.
(c) The United States House of State.
(d) The United States Supreme Court.

4. Scott Brown succeeded what United States Senator?
(a) James Edwards.
(b) Robert Kennedy.
(c) Ted Kennedy.
(d) Hillary Clinton.

5. What candidate did Scott Brown face in the 2010 special election?
(a) Hillary Clinton.
(b) Martha Coakley.
(c) Sarah Paulson.
(d) James Alexander.

Short Answer Questions

1. The Prudent Man Rule was last revised in what year?

2. What does the CFTC stand for?

3. A new investment vehicle called index speculation was comprised of two main indices which were the Goldman-Sachs Commodity Index and ____________.

4. Who had to withdraw from a summer calculus class in San Francisco because he couldn't afford the gas for the commute?

5. When did John McCain marry Carol Shepp?

Short Essay Questions

1. What is the commodities market and how has it affected American finance?

2. What was index speculation comprised of, as described in Chapter 4?

3. What led to the end of the Yom Kippur War, as discussed in Chapter 5?

4. How did the SWFs present a danger to the economy, as discussed in Chapter 5: The Outsourced Highway - Wealth Funds? When was Congress warned about the issue?

5. How does Taibbi conclude Chapter 4? What does the author remark regarding the motivations of the wealthy?

6. Define "derivatives." What creates derivatives?

7. What does Taibbi assert as an ominous element of health care legislation?

8. What was the author shocked to discover from a friend working for a SWF in Chapter 5?

9. What scenarios does the author describe for Priscilla Carillo and Robert Lukas in Chapter 4?

10. What administration was responsible for easing regulations on the stock market in Chapter 4?

(see the answer keys)

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