Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History Test | Mid-Book Test - Easy

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 Test | Mid-Book Test - Easy

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 test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. What was the name of Ayn Rand's circle of intellectuals which was dedicated to relentless self-interest?
(a) "The Caravan."
(b) "The Vicious Circle."
(c) "The Collective."
(d) "The Circle."

2. When was Ronald Reagan born?
(a) 1925.
(b) 1919.
(c) 1930.
(d) 1911.

3. In 2002, less than how much worth of subprime loans was approved?
(a) $200 billion.
(b) $1 billion.
(c) $100 billion.
(d) $300 million.

4. AIG was listed on the Dow Jones Industrial Average from _________ to September 22, 2008.
(a) April 8, 2004.
(b) September 19, 2005.
(c) August 5, 2003.
(d) March 12, 2008.

5. With what Tea Party member did Matt Taibbi travel around Nevada in Chapter 1?
(a) Sarah Palin.
(b) Bill Parsons.
(c) James Williams.
(d) Michele Bachmann.

6. Alan Greenspan served as Chairman of the Federal Reserve of the United States during what years?
(a) 1990-1999.
(b) 1987-2006.
(c) 1980-2000.
(d) 1985-2004.

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

8. The protagonist of The Fountainhead is in what profession?
(a) Engineer.
(b) Architect.
(c) Doctor.
(d) Banker.

9. Alan Greenspan joined the Richard Nixon campaign in what year?
(a) 1972.
(b) 1945.
(c) 1968.
(d) 1974.

10. What are created when banks split their mortgage loan payments into three levels and sell them in separate packages?
(a) Derivatives.
(b) Tranch blocks.
(c) Collectives.
(d) Incidentals.

11. For what magazine was Matt Taibbi working as a reporter when he describes having listened to the acceptance speech of Sarah Palin in Chapter 1?
(a) Rolling Stone.
(b) The New Yorker.
(c) Wall Street Journal.
(d) Men's Journal.

12. From 1948 to 1953, Alan Greenspan worked as an economic analyst at what business and industry oriented think-tank in New York City?
(a) The Republican Commission for Wealth.
(b) The National Industrial Conference Board.
(c) The Democratic Board of Industry.
(d) The Federal Reserve.

13. Eljon Williams contacted what firm to help him get a home loan with a fixed mortgage?
(a) Wachovia.
(b) Goldman-Sachs.
(c) Solomon Edwards.
(d) Merrill Lynch.

14. When was Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History published?
(a) October, 2009.
(b) September, 2011.
(c) December, 2009.
(d) September, 2008.

15. What refers to trade in high volumes at prices that are considerably at variance with intrinsic values?
(a) Capitalism.
(b) Bubble economy.
(c) Free-market economics.
(d) Socialism.

Short Answer Questions

1. What involves an exchange of the defaulted loan instrument (and with it the right to recover the default loan at some later time) for immediate money - usually the face value of the loan?

2. Ronald Reagan was the thirty-third governor of what state?

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

4. According to the author, in his years of power, Alan Greenspan was able to turn the Federal Reserve into what?

5. What is a private, actively managed investment fund that utilizes sophisticated strategies in international and/or domestic markets, offsets losses during a market downturn, and/or generates returns higher than traditional stock and bond investments?

(see the answer keys)

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