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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. When was Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History published?
(a) September, 2008.
(b) September, 2011.
(c) December, 2009.
(d) October, 2009.

2. Where did Alan Greenspan study clarinet from 1943 to 1944?
(a) Harvard University.
(b) The Juilliard School.
(c) Boston College.
(d) New York University.

3. Eljon Williams contacted what firm to help him get a home loan with a fixed mortgage?
(a) Merrill Lynch.
(b) Goldman-Sachs.
(c) Wachovia.
(d) Solomon Edwards.

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

5. The fundamental belief of what philosophy is that self-interest is a normal human state and interventionism by the government is unnatural and evil?
(a) Pluralism.
(b) Absurdism.
(c) Subjectivism.
(d) Objectivism.

Short Answer Questions

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

2. 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?

3. Who is the protagonist of The Fountainhead?

4. The loans on the bottom tier of derivatives were referred to as what?

5. The investment bank division of Deutsche Bank is head-quartered where?

Short Essay Questions

1. What process did banks undertake in order to sells risky loans, as described in Chapter 3?

2. What does Taibbi write of his thoughts on Sarah Palin in Chapter 1?

3. What does Taibbi remark about the Tea Party's obsession with the past?

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

5. Who was Joe Cassano? What authority did he achieve?

6. How does Taibbi believe Sarah Palin took Nixon's campaign strategy further?

7. What truth of American politics does Taibbi assert in Chapter 1?

8. How did Matt Taibbi feel about the Presidential campaign in Chapter 1? What events were unforeseen at this point in history?

9. Describe Alan Greenspan's childhood and education. Where did Greenspan study economics?

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

(see the answer keys)

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