Throw ’Em Out Quiz

April 2024
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Question 1

According to the American Thinker review, who makes up the “synthetic privileged class” or “pseudo-aristocracy” in America?

congressional staffers and their stock brokers
long-serving Washington bureaucrats
politicians, hustlers, and hangers-on
US representatives and senators

Question 2

What is the name of proposed reform legislation to address congressional insider trading?

IPO Disclosure Act
STOCK Act
Conflict of Interest Reform Act
Ban Insider Trading in Congress Act

Question 3

Congressional testimony by which of the following about the looming financial crisis in 2008 was turned to a profit in the stock market by politicians?

investor Warren Buffett
Federal Reserve Chairman Ben Bernanke
Secretary of Defense Robert Gates
media impresario Andrew Breitbart

Question 4

Which of the following happened within weeks of the publication of Throw Them All Out?

The Stop Trading on Congressional Knowledge (STOCK) Act was passed in the Senate.
Leaders of both major political parties invited the author to testify before congressional committees.
Key congressional leaders whose dealings were discussed in the book announced they would not seek reelection.
The STOCK Act gained more than 100 additional sponsors in the House of Representatives.

Question 5

How did IPOs become connected to the scandal of insider trading in Congress?

Congressional committees launched an investigation into manipulation of IPO trading in the stock market.
Some members of Congress were given privileged access to purchase IPO shares before trading was open to the general investing public.
Members of Congress lost so much money investing in IPOs that they complained to the Securities and Exchange Commission.
Congress passed a law providing that a percentage of IPO shares be distributed to its members.

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