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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. What NBC correspondent did Alan Greenspan marry?
(a) Andrea Mitchell.
(b) Jane Pauley.
(c) Alexis Marcantel.
(d) Michelle Kimble.

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

3. Where was Ayn Rand born?
(a) New York, New York.
(b) Saint Petersburg, Russia.
(c) Alberta, Canada.
(d) New Brunswick, Canada.

4. AIG was listed on the Dow Jones Industrial Average from _________ to September 22, 2008.
(a) September 19, 2005.
(b) August 5, 2003.
(c) April 8, 2004.
(d) March 12, 2008.

5. Alan Greenspan was born in what area of New York City?
(a) Greenwich Village.
(b) Astoria, Queens.
(c) Washington Heights.
(d) The Upper East Side.

Short Answer Questions

1. What refers to an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities?

2. Alan Greenspan joined the Richard Nixon campaign in what year?

3. What refers to a numerical expression based on a statistical analysis of a person's credit files that represents the creditworthiness of that person?

4. Richard Nixon had capitalized on the "forgotten Americans." The push to gain these voters was known as________.

5. 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?

Short Essay Questions

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

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

3. How did the public and private sectors evolve and change during Alan Greenspan's reign of the Federal Reserve, as described in Chapter 2?

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

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

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

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

8. What did Eljon Williams learn about the commission involved in his mortgage?

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

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

(see the answer keys)

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