Solved

Match the Key Terms to the Descriptions Below

Question 60

Matching

Match the key terms to the descriptions below. Use each description only once.

Premises:
Alan Bond
Nominee loans
Reciprocal lending
Alan Teale
Linked financing
Land flips
Financial institutions
The Keating Five
Responses:
Took advantage of the professional sports players by offering disability insurance
Entities that handle other people’s money and invest it on behalf of others
Involves loans on real estate to borrowers that do not exist or are not the real borrowers
Cheated retirees and workers by “cherry-picking”
Involves loans between insiders at different thrifts to evade regulations pertaining to restrictions on insider loans
A group that received over $34 million from the thrift and parent company
Loans conditioned on receipt of deposits. The loan then goes into default and deposits can be withdrawn.
The process of progressively increasing the sales price of real estate and the size of the loan and defaulting on the final loan

Correct Answer:

Alan Bond
Nominee loans
Reciprocal lending
Alan Teale
Linked financing
Land flips
Financial institutions
The Keating Five
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