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

Multiple Choice Questions

1. AIG was scheduled to report what losses in its second quarter in Chapter 11?
(a) $4.2 billion
(b) $5.3 billion
(c) $2.8 billion
(d) $1.6 billion

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

3. What giant money market fund had “broken the buck a day earlier” in Chapter 17?
(a) Westwood Capital LLC
(b) The International Monetary Fund
(c) China Investment Corporation
(d) Reserve Primary Fund

4. Gerald Donini asserts when speaking with Jim Cramer in Chapter 5 that he felt the real problem in the marketplace wasn’t short-selling, but what?
(a) Subprime lending
(b) Naked-shorting
(c) Stocks
(d) Derivatives

5. The hedge fund Peloton had been started by what former Goldman executive, according to the author in Chapter 5?
(a) Frank Zarb
(b) Bob Steel
(c) David Goldfarb
(d) Ron Beller

Short Answer Questions

1. Who was described as the Managing Director of Westwood Capital LLC in Chapter 11?

2. According to the author in Chapter 5, Dick Fuld “said that he had become convinced that two of the nation’s most powerful financiers were largely responsible for both the short raid and rumor mongering.” Who were these financiers?

3. Who complained to Henry Paulson that short sellers were spreading false rumors to drive the panic after the government’s intervention with AIG in Chapter 17?

4. Jim Cramer was a popular television celebrity with an influential financial program on what network, according to the author in Chapter 5?

5. Who was described as the head of Bank of New York Mellon in Chapter 17?

(see the answer key)

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