This bank is seen as the most powerful on Wall Street
What is Goldman Sachs
100
Massive levels of inequality spread because of this economic policy?
What is "Reaganomics"
100
This off Wall Street bank stepped in to buy Merill Lynch.
What is Bank of America.
100
The government saved Bear Sterns indirectly by funneling cash through this bank
What is J.P. Morgan
200
commercial banking is also known as
What is business banking
200
This institution assists individuals, corporations, and governments in raising capital by acting as the clients insurance of securities.
What is an Investment Bank
200
This bank became infamous as the 'straw that broke the camel's back' on September 15th, 2008.
What is Lehman Brothers
200
This man was once the CEO at Goldman Sacks and became the U.S. Treasury Secretary.
Who is Hank Paulson
200
In an attempt to increase borrowing and unfreeze the credit markets, the Federal Reserve
What is lowered interest rates?
300
This act allowed commercial banks to begin to inter-lend with Investment Banks
What is the Gramm-Leach-Bliley Act
300
Investment Banks invest in
What is everything
300
This system was an illegal way for commercial banks to act like investment banks.
What is the shadow banking system?
300
This entity took over 25 banks immediately following the collapse of the markets.
What is the FDIC.
300
President George W. Bush attempted to stem the recession by passing this.
What is the Economic Stimulus Act of 2008?
400
Nobel prize winner Paul Krugman criticized institutions like Hedge Funds and Commercial Banks for this
What is 'acting like investment banks'
400
Almost all major investment banks are located
What is Wall Street
400
The repeal of this act allowed commercial and investment banks to inter lend
What is Glass Steagall Act
400
This man extensively studied the causes and effects of the Great Depression and sought to ensure, through his policies, that it would never happen again.
Who is Ben Bernanke
400
The Emergency Economic Stabilization Act of 2008 is also known as.
What is the Troubled Asset Relief Program?
500
A reason why families defaulted on their mortgage payments
What is negative equity
500
In 2008 many banks went bankrupt or became known as
What are bank holding companies
500
The concept of making a secondary bet on a bet.
What is a credit default swap.
500
This bank was the most involved throughout the entire crisis and continues to be.
What is Federal Reserve Bank
500
Our skit at the beginning of today's presentation was an example of.
What were the infamous backroom meetings to bailout the financial industry?