100%(7)7 out of 7 people found this document helpful
This preview shows page 2 out of 2 pages.
10. Explain the title of Elliot Spitzer and his role in the film: Eliot Spitzer is Former Governor of New York and Former New York Attorney General. He investigated the internet crisis that revealed investment banks were promoting stocks they knew were likely to fail.11. What are the riskiest loans called? Why did investment bankers prefer them? The riskiest loans are called subprime loans. Investment bankers prefer them because they demanded higher interest rates because the borrower would most likely default. Therefore, they earned bankers a larger commission when sold.12. What financial institution was the largest lender of subprime loans? AIG American International Group was the largest lender of subprime loans.13. Who was the Federal Reserve Chairman during the crisis? Why didn’t he do anything? Ben Bernanke was the Federal Reserve Chairman during the crisis. He didn’t do anything because he thought it would fix itself.14. How would Hythloday interpret the financial meltdown of 2008? Use his last speech to answer.He would say that there should be a spread in wealth and that money should be constantly flowingrather than being at a halt