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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 8-9.

Multiple Choice Questions

1. In 2008, AIG had grown into one of the world’s largest financial companies, with a market value of just under how much?
(a) $80 billion
(b) $125 billion
(c) $35 billon
(d) $50 billion

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

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

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

5. 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?
(a) Daniel A. Simkowitz
(b) Jim Cramer
(c) Michael Bloomberg
(d) Ben Bernanke

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

3. In what year was Bob Willumstad outmaneuvered by Sandy Weill from Citigroup, according to the author in Chapter 8?

4. Who was the Chief of Staff at Goldman Sachs in Chapter 9?

5. 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?

(see the answer key)

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