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

2. When was The Fountainhead published?

3. What was the name of Ayn Rand's circle of intellectuals which was dedicated to relentless self-interest?

4. According to the author, what philosophy translates to "My facts are facts and your facts are not facts"?

5. When was Alan Greenspan born?

Short Essay Questions

1. How does the Tea Party mislead its followers from the true enemy, according to the author?

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

5. With what Tea Party member did Taibbi travel? What did he discover about the Republican candidates' issues?

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

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. What impact did Alan Greenspan have on the Federal Reserve during his years in power?

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Discuss the reasons for the US bailout of AIG and the impact of that bailout on the American economy. How much money was given to AIG to stay afloat?

Essay Topic 2

Define and analyze securitization, sub prime loans and derivatives. How and when did these terms enter the American financial world?

Essay Topic 3

Discuss the changes in speculative trading during the George W. Bush administration. What did these changes mean for Goldman-Sachs?

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