5. 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?

Short Essay Questions

1. What truth of American politics does Taibbi assert in Chapter 1?

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

3. What actions did Alan Greenspan take which led directly to the housing bubble bust?

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

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

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

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

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

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

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Discuss the role of the Federal Reserve in American finance and the approach that Alan Greenspan had in controlling the American economy. What are the different ways in which the Fed can monitor the economy?

Essay Topic 2

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 3

Discuss the role of the news media in politics today. How has the media changed in the past 50 years and what have been the impacts of those changes?

(see the answer keys)

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