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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. In what year did Alan Greenspan earn his M.A. degree in economics?
(a) 1970.
(b) 1950.
(c) 1954.
(d) 1965.

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

3. What refers to the part of the economy which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the state?
(a) Public sector.
(b) Private sector.
(c) Education system.
(d) Stock market.

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

5. During his economic studies, Alan Greenspan worked under Eugene Banks, a managing director at what Wall Street investment bank?
(a) Simon & Schuster.
(b) Solomon Edwards.
(c) Brown Brothers Harriman.
(d) Deutche Bank.

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

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

4. When was Ayn Rand born?

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

Short Essay Questions

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

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

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

4. How does the Tea Party mislead its followers from the true enemy, according to the author?

5. How are "no doc" loans described in Chapter 3? How were the borrowers scammed in this system?

6. What is the fundamental belief of objectivism, as described in Chapter 2?

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

8. What does Taibbi assert was at the root of the 2008 financial crisis?

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

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

(see the answer keys)

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