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

Multiple Choice Questions

1. When did FAS 157 become effective?
(a) June 28, 2005
(b) August 1, 2004
(c) May 9, 2006
(d) November 15, 2007

2. Where does the author say Gerald Domini lived in Chapter 5?
(a) Bangor, Maine
(b) Summit, NJ
(c) Boston, Massachusetts
(d) Hartford, Connecticut

3. What was Dick Fuld nicknamed on Wall Street for his competitive nature?
(a) Gorilla
(b) Shark
(c) Bear
(d) Hyena

4. 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) $30 billion
(b) $2 billion
(c) $8 billion
(d) $15 billion

5. By what nickname is Warren Buffett known in the financial world?
(a) The Wizard of Omaha
(b) Rich Uncle Pennybags
(c) The Wealth Extractor
(d) The Money Machine

Short Answer Questions

1. Where was Hank Paulson born?

2. Who was Dick Fuld’s mentor at the global financial services firm where he began working and later led the company for much of his career?

3. According to the author in Chapter 5, Dick Fuld “said that he had become convinced that two of the nation’s most powerful financiers were largely responsible for both the short raid and rumor mongering.” Who were these financiers?

4. In what year did Hank Paulson become a partner at Goldman Sachs?

5. According to the author in Chapter 3, Bob Steel knew he would face scrutiny from which U.S. senator who opposed government intervention in the markets?

(see the answer key)

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