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

Multiple Choice Questions

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

2. Jim Cramer was a popular television celebrity with an influential financial program on what network, according to the author in Chapter 5?
(a) CNN
(b) CNBC
(c) FOX
(d) ABC

3. Gerald Donini asserts when speaking with Jim Cramer in Chapter 5 that he felt the real problem in the marketplace wasn’t short-selling, but what?
(a) Derivatives
(b) Subprime lending
(c) Stocks
(d) Naked-shorting

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

5. Dick Fuld expressed his belief that Lehman Brothers was under attack by what in Chapter 4?
(a) Mortgages
(b) Derivatives
(c) Subprime lenders
(d) Short-sellers

Short Answer Questions

1. The hedge fund Peloton had been started by what former Goldman executive, according to the author in Chapter 5?

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 3, Geithner kept Jamie Dimon from abandoning the negotiations with Bear Stearns by working out a deal where the Federal Reserve lent money to Bear Stearns through JP Morgan, guaranteeing Morgan against how much in losses?

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

(see the answer key)

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