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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. Eljon Williams had what profession?

2. Eljon Williams learned that the firm which helped him obtain a mortgage had gotten a commission of how much money?

3. What does AIG stand for?

4. Richard Nixon had capitalized on the "forgotten Americans." The push to gain these voters was known as________.

5. From 1948 to 1953, Alan Greenspan worked as an economic analyst at what business and industry oriented think-tank in New York City?

Short Essay Questions

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

2. What process did banks undertake in order to sells risky loans, as described in Chapter 3?

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

4. How did Ayn Rand influence Alan Greenspan, and in effect, American finance?

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

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

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

8. Describe Alan Greenspan's childhood and education. Where did Greenspan study economics?

9. As described in Chapter 2, what was Alan Greenspan's focus in controlling the United States economy?

10. What does Taibbi assert to be the fundamental problem the the Tea Party's approach?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Describe and discuss the life and career of Alan Greenspan. How did Greenspan come to become head of the Federal Reserve?

Essay Topic 2

Discuss the political career of Sarah Palin. What does the author assert of Palin's capabilities as a politician?

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?

(see the answer keys)

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