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

Multiple Choice Questions

1. According to the author in Chapter 5, David Einhorn was a hedge manager controlling over how much money in assets?
(a) $3 billion
(b) $6 billion
(c) $10 billion
(d) $12 billion

2. Hank Paulson and his staff prepared a secret plan for how to deal with the situation in Chapter 4. Their plan proposed that should the banks fail, the Treasury Department would purchase up to how many of the bad assets of the banks in order to stabilize the market?
(a) $300 billion
(b) $500 billion
(c) $200 billion
(d) $100 billion

3. 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) Ron Beller
(b) Jim Cracchiolo
(c) Kevin Warsh
(d) Eliot Spitzer

4. Larry Fink was described in Chapter12 as being from what financial institution?
(a) Bank of America
(b) BlackRock
(c) Berkshire Hathaway
(d) Barclays

5. Who nominated Hank Paulson to his post in the federal cabinet?
(a) Bill Clinton
(b) Dick Cheney
(c) Barack Obama
(d) George W. Bush

Short Answer Questions

1. What word from Chapter 5 derives from German and describes an all-motorized force concentration of tanks, infantry, artillery, combat engineers and air power?

2. What was the name of Lehman Brothers’ bomb-sniffing Labrador described in Chapter 5?

3. In what year does the author state Long-Term Capital Management blew up in Chapter 5?

4. Dick Fuld had been pressing what old friend and former Chairman of AIG to put money into Lehman Brothers in Chapter 6?

5. Where was Hank Paulson born?

(see the answer key)

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