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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 14-15.

Multiple Choice Questions

1. 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 Jay Rockefeller
(b) Senator Lisa Murkowski
(c) Senator Jim Bunning
(d) Senator Daniel Akaka

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

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?
(a) $14 billion
(b) $29 billion
(c) $5 billion
(d) $18 billion

4. In what year did Hank Paulson become a partner at Goldman Sachs?
(a) 1985
(b) 1982
(c) 1979
(d) 1989

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

Short Answer Questions

1. During the meeting of the top bankers at the New York Federal Reserve Building in Chapter 14, the bankers quickly renamed the company called SpinCo as what?

2. Who was the Chief Financial Officer of Morgan Stanley in Chapter 14?

3. By what name is the regulation that “had been introduced by the Securities and Exchange Commission in 1938 to prevent investors from continually shorting a stock that was falling” called?

4. What was the largest and most prestigious investment bank in the nation that Jamie Dimon advised his staff could possibly file bankruptcy in the Prologue?

5. Who was described as the Managing Director of Westwood Capital LLC in Chapter 11?

(see the answer key)

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