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

Multiple Choice Questions

1. According to the author in Chapter 5, Jim Cramer, a media star, was solidly Harvard and counted as one of his best friends which individual called “the bane of Wall Street”?
(a) Kevin Warsh
(b) Jim Cracchiolo
(c) Ron Beller
(d) Eliot Spitzer

2. What is the common name for the Federal Home Loan Mortgage Corporation?
(a) Morgan Stanley
(b) Freddie Mac
(c) Ameriprise
(d) Peloton

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

4. 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?
(a) The cutback rule
(b) The salvation rule
(c) The uptick rule
(d) The downdraft rule

5. Who in Chapter 17 was the President of the European Central Bank that had been furious with the decision to “let Lehman fail”?
(a) Cornelius Vander Starr
(b) Jean-Claude Trichet
(c) Jim Bunning
(d) Anthony Ryan

Short Answer Questions

1. Regarding the problems at AIG, the plan that was finally put in place was for the government to take over 80% of AIG in exchange for a loan of how much?

2. In Chapter 16, who called JP Morgan and Goldman Sachs to come meet with the other Wall Street leaders to look at a solution for the AIG problem?

3. Jim Cracchiolo was described as the head of what institution in Chapter 17?

4. Who did Dick Fuld ask to put in a word with the Korean bank for Lehman Brothers in Chapter 10?

5. As part of the plan for dealing with AIG’s problems, Bob Willumstad would be replaced as CEO of AIG by who, according to the author in Chapter 16?

(see the answer key)

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