Inside Job Quiz

The 2008 worldwide financial crisis resulted in the following;

• Millions of people lost their savings

• Millions of people lost their jobs

• The U.S. housing industry collapsed

• All of the above

Which street in NYC is best associated with the financial industry?

• Houston Street

• Wall Street

• JFK Boulevard

• Madison Avenue

What does the acronym CDO stand for in the film Inside Job?

• Connected data objects

• Chief design officer

• Central dense overcast

• Collateralized debt obligation

Most of the troublesome CDOs in the mid 2000’s were primarily backed by _____?

• Car loans

• College loans

• Subprime Mortgages

• Company debt

What company below is most associated with issues regarding selling credit default swaps?

• AIG

• BSI

• AGS

• GSB

The SEC, in the film Inside Job, stands for ____________________.

• Safety and Exchange Commission

• Securities and Exchange Commission

• Savings and Exchange Commission

• None of the above

What act of Congress specifically regulated and separated the activities of consumer and investment banks and was repealed in 1999?

• The Gramm Bliley Leech Act

• The Glass Steagall Act

• The Underwood Tariff

• The Equal Opportunity Act

Which one of the answers below represents deregulation of the financial industry?

• Investment banks must submit detailed reports to the SEC

• Investment banks could take out as much leverage as they wanted

• Compensation packages were controlled by government legislation

• State governments could put a cap on bonuses paid by companies

Which of the following company below was NOT a credit rating agency?

• Moody's

• Fitch

• Goldman Sachs

• Standard and Poor's

What is the highest rating a stock or bond can receive from a credit rating agency?

• AAAA

• AA

• AAA

• A++