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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 4-5.

Multiple Choice Questions

1. Where was Hank Paulson born?
(a) Billings, MT
(b) Palm Beach, FL
(c) Knoxville, TN
(d) Des Moines, IA

2. What word in finance refers to the act of making loans to people who may have difficulty maintaining the repayment schedule?
(a) Subprime lending
(b) Naked short-selling
(c) Short-selling
(d) Derivative lending

3. According to the author in Chapter 1, Henry Paulson called and informed Dick Fuld that Bear Stearns collapsed and would be bought by what investment company?
(a) Merrill Lynch
(b) Citigroup
(c) Goldman Sachs
(d) JP Morgan

4. 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) Joe Gregory
(c) Edward Liddy
(d) Bob Kelly

5. Hank Paulson joined Goldman Sachs covering large industrial companies in the Midwest in what year?
(a) 1974
(b) 1980
(c) 1971
(d) 1967

Short Answer Questions

1. According to the author in Chapter 5, David Einhorn was a hedge manager controlling over how much money in assets?

2. What title did Hank Paulson hold in 2008?

3. What was Dick Fuld nicknamed on Wall Street for his competitive nature?

4. By what nickname is Warren Buffett known in the financial world?

5. On what morning does the author describe Jamie Dimon awakening after an emergency meeting at the Federal Reserve Bank of New York with a dozen of his rival Wall Street CEOs in the beginning of the Prologue?

(see the answer key)

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