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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 1: The Grifter Archipelago; or, Why the Tea Party Doesn't Matter.

Multiple Choice Questions

1. 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?
(a) Derivitaves market.
(b) Ponzi scheme.
(c) Subsidized market.
(d) Unsubsidized loans.

2. The Tea Party got its name from what CNBC economic analyst?
(a) John Anderson.
(b) Anderson Cooper.
(c) Ted Coppell.
(d) Rick Santelli.

3. The Tea Party movement is an American populist political movement that has sponsored protests and supported political candidates since what year?
(a) 2008.
(b) 2008.
(c) 2010.
(d) 2009.

4. What refers to a public entity for the trading of company stock and derivatives at an agreed price?
(a) Stock market.
(b) Bond market.
(c) Treasury market.
(d) Capital market.

5. According to the author, the Tea Party distracts its followers from the real villains of Wall Street by convincing itself that what is the enemy?
(a) Alan Greenspan.
(b) Free-market economics.
(c) Big government.
(d) Capitalism.

Short Answer Questions

1. When was Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History published?

2. Alongside what Presidential nominee did Sarah Palin run as Vice President of the United States?

3. With what Tea Party member did Matt Taibbi travel around Nevada in Chapter 1?

4. According to the author, the top one percent of Americans own almost what percent of the wealth?

5. The Bear Stearns Companies, Inc. was based in what US city?

(see the answer key)

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