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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. During his economic studies, Alan Greenspan worked under Eugene Banks, a managing director at what Wall Street investment bank?
2. Eljon Williams had what profession?
3. Where are the headquarters of Deutsche Bank?
4. What refers to a form of government in which engineers, scientists, health professionals, and other technical experts are in control of decision making in their respective fields?
5. By 2005, there was over how much money in subprime loans approved?
Short Essay Questions
1. Describe the different tranches of subprime loans discussed in Chapter 3. What were the differences between the tranches?
2. How did Ayn Rand influence Alan Greenspan, and in effect, American finance?
3. How did Matt Taibbi feel about the Presidential campaign in Chapter 1? What events were unforeseen at this point in history?
4. How did the public and private sectors evolve and change during Alan Greenspan's reign of the Federal Reserve, as described in Chapter 2?
5. What process did banks undertake in order to sells risky loans, as described in Chapter 3?
6. What actions did Alan Greenspan take which led directly to the housing bubble bust?
7. How does the author relate Alan Greenspan's methods with those of a casino?
8. As described in Chapter 2, what was Alan Greenspan's focus in controlling the United States economy?
9. What impact did Alan Greenspan have on the Federal Reserve during his years in power?
10. How are "no doc" loans described in Chapter 3? How were the borrowers scammed in this system?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Discuss the growth and philosophies of the Tea Party movement. What fundamental problems does the author see in the approach and methods of the Tea Party?
Essay Topic 2
Define and analyze securitization, sub prime loans and derivatives. How and when did these terms enter the American financial world?
Essay Topic 3
Discuss the career of Matt Taibbi and the critical reception of the book. To what writers was Taibbi associated in regard to his style and themes?
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This section contains 900 words (approx. 3 pages at 300 words per page) |
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