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This quiz consists of 5 multiple choice and 5 short answer questions through Part 3: Chapter 17, The Humbling.

Multiple Choice Questions

1. Why did the LTV situation not affect Drexel?
(a) Drexel used its own money to secure the LTV bonds.
(b) Drexel engineered a second buyout of LTV.
(c) The thrifts that collapsed and the defaults that occurred were not among Milken's customers
(d) Drexel pointed out the way LTV misused junk bonds.

2. What benefit did Milken arrange for his low grade investment group for the next 14 years?
(a) extensive paid vacations
(b) 35% of the profits
(c) higher salaries and larger offices
(d) half the profits

3. What did Milken want at work?
(a) to run the Drexel firm
(b) fancy titles and gold letterhead
(c) his photo in the annual report
(d) distance between him and the powers that be at Drexel

4. What was the address of the new building in L. A.?
(a) Avenue of the Stars in Century City
(b) Sunset and Vine
(c) Rodeo Drive and Wilshire
(d) Hollywood and Vine

5. What does FIFI stand for?
(a) Fund Income from Favored Investors
(b) Field Investment File Information
(c) First Investors Fund for Income
(d) Five Investment Features Initiative

Short Answer Questions

1. What are REITs?

2. Who at Drexel became a problem because of a lawsuit by Beverly Hills Savings and Loan?

3. Who made the contact for Wedvick with Kansa?

4. What did the Milken Group do in 1983?

5. What indicated the level of fear at Drexel during the investigations?

(see the answer key)

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