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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.
Short Answer Questions
1. The Bear Stearns Companies, Inc. was based in what US city?
2. In what year did Alan Greenspan earn his M.A. degree in economics?
3. In what year was Sarah Palin a candidate for Vice President of the United States?
4. When did Lehman Brothers declare bankruptcy?
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. What process did banks undertake in order to sells risky loans, as described in Chapter 3?
2. Describe the different tranches of subprime loans discussed in Chapter 3. What were the differences between the tranches?
3. What is the fundamental belief of objectivism, as described in Chapter 2?
4. What did Eljon Williams learn about the commission involved in his mortgage?
5. Who was Joe Cassano? What authority did he achieve?
6. Who was Eljon Williams and how did he become involved in a mortgage scam as described in Chapter 3?
7. What does Taibbi write of his thoughts on Sarah Palin in Chapter 1?
8. How does Taibbi believe Sarah Palin took Nixon's campaign strategy further?
9. How does the Tea Party mislead its followers from the true enemy, according to the author?
10. Where was Ayn Rand from? How is she described in Chapter 2?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Define and analyze securitization, sub prime loans and derivatives. How and when did these terms enter the American financial world?
Essay Topic 2
Discuss the changes in speculative trading during the George W. Bush administration. What did these changes mean for Goldman-Sachs?
Essay Topic 3
Describe the actions of Goldman-Sachs in relation to speculative trading. What actions did Goldman take which were unethical? What actions were potentially illegal?
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This section contains 836 words (approx. 3 pages at 300 words per page) |
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