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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. Alan Greenspan joined the Richard Nixon campaign in what year?
(a) 1974.
(b) 1968.
(c) 1972.
(d) 1945.

2. 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) Big government.
(b) Alan Greenspan.
(c) Capitalism.
(d) Free-market economics.

3. What is a public company that provides analytics and decision making services intended to help financial services companies make complex, high-volume decisions?
(a) Nasdaq.
(b) The Federal Reserve.
(c) NATO.
(d) FICO.

4. Since 2002, Deutsche Bank's Chief Executive Officer and Chairman of the Group Executive Committee has been __________.
(a) Michel Slosovik.
(b) Jan Leys.
(c) Josef Ackermann.
(d) Joel Hosey.

5. In finance, what occurs whenever the loan payment for any period is less than the interest charged over that period so that the outstanding balance of the loan increases?
(a) Negative amortization.
(b) Inverted amortization.
(c) Negative securitization.
(d) Positive securitization.

Short Answer Questions

1. What refers to a financial market where participants can issue new debt, known as the Primary market, or buy and sell debt securities, known as the Secondary market, usually in the form of bonds?

2. What are created when banks split their mortgage loan payments into three levels and sell them in separate packages?

3. In what year did Alan Greenspan earn his M.A. degree in economics?

4. Alan Greenspan served as Chairman of the Federal Reserve of the United States during what years?

5. What NBC correspondent did Alan Greenspan marry?

Short Essay Questions

1. What does Taibbi assert to be the fundamental problem the the Tea Party's approach?

2. How did Ayn Rand influence Alan Greenspan, and in effect, American finance?

3. How did the market for subprime loans change between 2002 and 2005?

4. What impact did Alan Greenspan have on the Federal Reserve during his years in power?

5. What campaign strategy of Richard Nixon's does Taibbi describe in Chapter 1?

6. With what Tea Party member did Taibbi travel? What did he discover about the Republican candidates' issues?

7. How did Greenspan's views of American politics change over time?

8. What setback does the author describe for a banker named Andy?

9. Who was Eljon Williams and how did he become involved in a mortgage scam as described in Chapter 3?

10. How does the author relate Alan Greenspan's methods with those of a casino?

(see the answer keys)

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