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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 the hedge fund Peloton based?
(a) London
(b) Chicago
(c) New York
(d) Paris

2. What word from Chapter 5 derives from German and describes an all-motorized force concentration of tanks, infantry, artillery, combat engineers and air power?
(a) Kamikaze
(b) Blitzkrieg
(c) Shock-and-awe
(d) Assassination

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

4. 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?
(a) Senator Lisa Murkowski
(b) Senator Jay Rockefeller
(c) Senator Daniel Akaka
(d) Senator Jim Bunning

5. 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

Short Answer Questions

1. According to the author in Chapter 5, Jim Cramer, a media star, was solidly Harvard and counted as one of his best friends which individual called “the bane of Wall Street”?

2. When did FAS 157 become effective?

3. The assignment of Jamie Dimon and a dozen of his rival CEOs at the emergency meeting at the Federal Reserve Bank of New York was to come up with a plan to save what company, according to the author in the Prologue?

4. Hank Paulson and his staff prepared a secret plan for how to deal with the situation should Lehman or another large firm go bankrupt, or if several banks should begin to fail at once. Who did they present their plan to in a meeting described by Sorkin in Chapter 4?

5. 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?

(see the answer key)

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