|Name: _________________________||Period: ___________________|
This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.
Short Answer Questions
1. Alan Greenspan was born in what area of New York City?
2. In what year was Sarah Palin a candidate for Vice President of the United States?
3. Eljon Williams had what profession?
4. Where did Matt Taibbi hear Sarah Palin's acceptance speech in Chapter 1?
5. What refers to a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from any actual profit earned by the individual or organization running the operation?
Short Essay Questions
1. What is the fundamental belief of objectivism, as described in Chapter 2?
2. Who was Eljon Williams and how did he become involved in a mortgage scam as described in Chapter 3?
3. Where was Ayn Rand from? How is she described in Chapter 2?
4. What actions did Alan Greenspan take which led directly to the housing bubble bust?
5. How did the public and private sectors evolve and change during Alan Greenspan's reign of the Federal Reserve, as described in Chapter 2?
6. How are "no doc" loans described in Chapter 3? How were the borrowers scammed in this system?
7. What impact did Alan Greenspan have on the Federal Reserve during his years in power?
8. What campaign strategy of Richard Nixon's does Taibbi describe in Chapter 1?
9. How does the author relate Alan Greenspan's methods with those of a casino?
10. How did Ayn Rand influence Alan Greenspan, and in effect, American finance?
Write an essay for ONE of the following topics:
Essay Topic 1
Discuss the changes in speculative trading during the George W. Bush administration. What did these changes mean for Goldman-Sachs?
Essay Topic 2
Discuss the career of Matt Taibbi and the critical reception of the book. To what writers was Taibbi associated in regard to his style and themes?
Essay Topic 3
Describe the actions of Goldman-Sachs in relation to speculative trading. What actions did Goldman take which were unethical? What actions were potentially illegal?
This section contains 877 words
(approx. 3 pages at 300 words per page)