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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 3: Hot Potato, The Great American Mortgage Scam.

Multiple Choice Questions

1. According to the author, the Tea Party believes that the economy is self-correcting as long as commerce and _______ are separated.
(a) Socialism.
(b) Government.
(c) Business.
(d) Derivatives.

2. In Chapter 3, what fee did companies that would attach a borrower's name to the credit score of another person who was more credit worthy charge?
(a) $3,000.
(b) $500.
(c) $1,000.
(d) $1,300.

3. When was Alan Greenspan born?
(a) 1911.
(b) 1953.
(c) 1940.
(d) 1926.

4. Who is the protagonist of Atlas Shrugged?
(a) James Edwards.
(b) Dagny Taggart.
(c) Howard Roark.
(d) Michael Williams.

5. From 1948 to 1953, Alan Greenspan worked as an economic analyst at what business and industry oriented think-tank in New York City?
(a) The Federal Reserve.
(b) The Democratic Board of Industry.
(c) The Republican Commission for Wealth.
(d) The National Industrial Conference Board.

Short Answer Questions

1. For what magazine was Matt Taibbi working as a reporter when he describes having listened to the acceptance speech of Sarah Palin in Chapter 1?

2. According to the author, what philosophy translates to "My facts are facts and your facts are not facts"?

3. In what year was Sarah Palin a candidate for Vice President of the United States?

4. When did Lehman Brothers declare bankruptcy?

5. According to the author, in his years of power, Alan Greenspan was able to turn the Federal Reserve into what?

(see the answer key)

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