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

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) $35 billon
(c) $50 billion
(d) $125 billion

2. Who did Scott Friedheim believe to be responsible for the leak to the Wall Street Journal in Chapter 6?
(a) Kerrie Cohen
(b) Margaret Law
(c) Erin Callan
(d) Sheila Bair

3. Freddie Mac had a reported loss of how much in the morning when Henry Paulson met with the top bankers at the Treasury building in Chapter 11?
(a) $461 million
(b) $558 million
(c) $697 million
(d) $821 million

4. David Einhorn was the founder and president of what hedge fund?
(a) Brysam Global Partners
(b) Westwood Capital LLC
(c) Greenlight Capital
(d) Citigroup

5. What were the quarterly losses that were announced at Lehman Brothers on June 9, 2008?
(a) $1.7 billion
(b) $3.6 billion
(c) $2.2 billion
(d) $2.8 billion

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 did John Thain replace in his position as CEO in 2007, as described by the author in Chapter 7?

3. Who nominated Hank Paulson to his post in the federal cabinet?

4. What banker from Citigroup asked during the meeting of the top bankers at the New York Federal Reserve Building in Chapter 14, “I assume we are going to talk about AIG?”

5. With whom did Dick Fuld meet along with the board of Morgan Stanley in order to find a lifeline for Lehman Brothers in Chapter 10?

(see the answer key)

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