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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 6-7.

Multiple Choice Questions

1. John Thain went to Michael Bloomberg and proposed that Bloomberg buy back what percent of his company from the bank in Chapter 7?
(a) 50%
(b) 20%
(c) 10%
(d) 35%

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?
(a) The Bank of Berlin
(b) The Bank of Rome
(c) The World Bank
(d) The International Monetary Fund

3. John Thain was described as the CEO of which investment banking and wealth management firm in Chapter 7?
(a) Berkshire Hathaway
(b) Greenlight Capital
(c) Lehman Brothers
(d) Merrill Lynch

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

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

Short Answer Questions

1. 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?

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 1, Henry Paulson called and informed Dick Fuld that Bear Stearns collapsed and would be bought by what investment company?

4. Dick Fuld was the CEO of what global financial services firm in March, 2008?

5. What reporter wrote the story about Lehman that he described in Chapter 6 as “the worst betrayal of my career”?

(see the answer key)

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