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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 16-17.

Multiple Choice Questions

1. 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) Ben Bernanke
(d) Michael Bloomberg

2. Where was Dick Fuld born?
(a) Dallas, TX
(b) New York, NY
(c) Chicago, IL
(d) New Orleans, LA

3. Who is described as Lehman Brothers’ spokesperson in Chapter 6?
(a) Margaret Law
(b) Erin Callan
(c) Sheila Bair
(d) Kerrie Cohen

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

5. John Thain is described in Chapter 7 as having worked for Henry Paulson at Goldman Sachs and then as CEO of what company?
(a) Berkshire Hathaway
(b) Citigroup
(c) The New York Stock Exchange
(d) The International Monetary Fund

Short Answer Questions

1. Who is described in Chapter 12 as the Chairman of the Financial Services Commission in Korea?

2. When did FAS 157 become effective?

3. Who did Bob Willumstad refer to as the former Chairman at AIG that thought Willumstad’s position was all or nothing in Chapter 8?

4. Who was the head of communications at Lehman Brothers in Chapter 6?

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

(see the answer key)

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