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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 2-3.

Multiple Choice Questions

1. Where was Dick Fuld visiting when he received an urgent call from Henry Paulson regarding the collapse of the fifth largest investment bank in the U.S., according to the author in Chapter 1?
(a) England
(b) China
(c) Iceland
(d) India

2. Who did Dick Fuld choose as his right-hand-man when he became CEO of a leading global financial services firm?
(a) David Trone
(b) Edward Liddy
(c) Bob Kelly
(d) Joe Gregory

3. According to the author in Chapter 1, Henry Paulson called and informed Dick Fuld that Bear Stearns collapsed and that the U.S. Treasury had taken the step of backing how much in Bear Stearns assets to restore confidence in the market?
(a) $15 billion
(b) $2 billion
(c) $8 billion
(d) $30 billion

4. Dick Fuld was the CEO of what global financial services firm in March, 2008?
(a) Greenlight Capital
(b) JP Morgan
(c) Lehman Brothers
(d) Wells Fargo

5. Where did Hank Paulson earn his B.A. in English?
(a) Dartmouth College
(b) Harvard University
(c) Stanford University
(d) Yale University

Short Answer Questions

1. With all eyes on Lehman after the Bear collapse, Hank Paulson suggested to Dick Fuld that it would be a good idea for Lehman to increase its holdings of what to shore up confidence in the bank?

2. Timothy Geithner worked for the Treasury Department and what organization prior to his appointment as President of the Federal Reserve Bank of New York?

3. Who was the Chairman of the Federal Reserve in 2008?

4. Jamie Dimon told Hank Paulson that JP Morgan had upped its offer from $2 per share to what in Chapter 2?

5. On what date did Lehman Brothers release its earnings report for the first quarter of 2008?

(see the answer key)

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