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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 12-13.

Multiple Choice Questions

1. 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 uptick rule
(c) The downdraft rule
(d) The salvation rule

2. Who was Bob Willumstad’s partner in starting a private-equity fund after he left Citigroup?
(a) Scott Friedheim
(b) Sandy Weill
(c) Gerald Donini
(d) Marge Magner

3. According to the author in Chapter 3, Geithner kept Jamie Dimon from abandoning the negotiations with Bear Stearns by working out a deal where the Federal Reserve lent money to Bear Stearns through JP Morgan, guaranteeing Morgan against how much in losses?
(a) $29 billion
(b) $14 billion
(c) $5 billion
(d) $18 billion

4. What was the title of the article from the Wall Street Journal that Dick Fuld called “the worst betrayal of my career” in Chapter 6?
(a) Lehman Files for Bankruptcy, Merrill Sold, AIG Seeks Cash
(b) Lehman Is Seeking Oversees Capital
(c) Lehman Ends $38 Billion Standoff
(d) Lehman Brothers Holdings to Consider Monetization of Claims Vs. Holding Company

5. Who did Scott Friedheim believe to be responsible for the leak to the Wall Street Journal in Chapter 6?
(a) Sheila Bair
(b) Kerrie Cohen
(c) Margaret Law
(d) Erin Callan

Short Answer Questions

1. In 2008, AIG had grown into one of the world’s largest financial companies, with a market value of just under how much?

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

3. What was referred to as “the good bank-bad bank plan” that McDade was thinking of announcing in Chapter 12?

4. What does FDIC stand for?

5. What does AIG stand for?

(see the answer key)

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