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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 20 and Epilogue.

Multiple Choice Questions

1. Dick Fuld and who called Warren Buffett to ask him to consider investing in Lehman Brothers, according to the author in Chapter 2?
(a) Bob Diamond
(b) Erin Callan
(c) Kerrie Cohen
(d) Cornelius Vander Starr

2. According to Sorkin in the Epilogue, during several months in 2008, each “of the former Big Five investment banks failed, was sold, or was converted into” what?
(a) A bank holding company
(b) A non-profit organization
(c) A publicly traded company
(d) A hedge fund management firm

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

4. What is the common name for the Federal National Mortgage Association?
(a) Reserve Primary Fund
(b) Wachovia
(c) Fannie Mae
(d) Ameriprise

5. What refers to a security interest in real property held by a lender as a security for a debt?
(a) Mortgage
(b) Subprime lending
(c) Short-seller
(d) Stock

Short Answer Questions

1. Bob Steel was described as now being with what banking institution in Chapter 12?

2. Who was described by the author in Chapter 14 as Bank of America’s President of Global Corporate and Investment Banking?

3. From which hedge fund mogul had Scott Friedheim recently bought a black GMC Denali outfitted with internet access and a chauffeur in Chapter 6?

4. What giant money market fund had “broken the buck a day earlier” in Chapter 17?

5. Mitsubishi agreed to an investment of how much in Morgan Stanley in Chapter 18?

(see the answer key)

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