Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History Quiz | Eight Week Quiz C

Matt Taibbi
This set of Lesson Plans consists of approximately 129 pages of tests, essay questions, lessons, and other teaching materials.

Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History Quiz | Eight Week Quiz C

Matt Taibbi
This set of Lesson Plans consists of approximately 129 pages of tests, essay questions, lessons, and other teaching materials.
Buy the Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History Lesson Plans
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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 3: Hot Potato, The Great American Mortgage Scam.

Multiple Choice Questions

1. What do T-Bills refer to?
(a) Trade bills.
(b) Tranche bills.
(c) Treasury bills.
(d) Tendered bills.

2. According to the author, many loans were _____ meaning there was no documentation that confirmed their qualifications for the loans.
(a) "No doc."
(b) "On spec."
(c) "Insecure."
(d) "No trans."

3. What does AIG stand for?
(a) American Industrial Group.
(b) American International Group.
(c) American Independent Group.
(d) Atlanta International Group.

4. Where did Alan Greenspan study clarinet from 1943 to 1944?
(a) The Juilliard School.
(b) New York University.
(c) Boston College.
(d) Harvard University.

5. What refers to the part of the economy which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the state?
(a) Private sector.
(b) Stock market.
(c) Education system.
(d) Public sector.

Short Answer Questions

1. In Chapter 3, what fee did companies that would attach a borrower's name to the credit score of another person who was more credit worthy charge?

2. The Tea Party movement is an American populist political movement that has sponsored protests and supported political candidates since what year?

3. What refers to the part of the capital markets that deals with the issuance of new securities?

4. Before declaring bankruptcy, Lehman Brothers Holdings Inc. was ranked as the _________ largest investment bank in the United States.

5. When did Lehman Brothers declare bankruptcy?

(see the answer key)

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