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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. What refers to a public entity for the trading of company stock and derivatives at an agreed price?
2. What refers to the part of the capital markets that deals with the issuance of new securities?
3. The loans on the bottom tier of derivatives were referred to as what?
4. The Bear Stearns Companies, Inc. was based in what US city?
5. In finance, what occurs whenever the loan payment for any period is less than the interest charged over that period so that the outstanding balance of the loan increases?
Short Essay Questions
1. What does Taibbi assert was at the root of the 2008 financial crisis?
2. As described in Chapter 2, what was Alan Greenspan's focus in controlling the United States economy?
3. How are "no doc" loans described in Chapter 3? How were the borrowers scammed in this system?
4. How does the Tea Party mislead its followers from the true enemy, according to the author?
5. What is the fundamental belief of objectivism, as described in Chapter 2?
6. How did the market for subprime loans change between 2002 and 2005?
7. How did Greenspan's views of American politics change over time?
8. What campaign strategy of Richard Nixon's does Taibbi describe in Chapter 1?
9. Who was Joe Cassano? What authority did he achieve?
10. What process did banks undertake in order to sells risky loans, as described in Chapter 3?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Discuss the impact of the surge in oil prices and other commodities in 2008 on the average consumer. How were middle-class Americans affected by the economy?
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
Define and analyze commodity index investing, the speculative commodities market and the commodities futures market. When did these terms and processes arise on Wall Street?
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This section contains 871 words (approx. 3 pages at 300 words per page) |
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