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

Multiple Choice Questions

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

2. When did FAS 157 become effective?
(a) June 28, 2005
(b) August 1, 2004
(c) November 15, 2007
(d) May 9, 2006

3. With all eyes on Lehman after the Bear collapse, Hank Paulson suggested to Dick Fuld that it would be a good idea for Lehman to increase its holdings of what to shore up confidence in the bank?
(a) Gold
(b) Platinum
(c) Cash
(d) Silver

4. 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) $200 billion
(b) $300 billion
(c) $500 billion
(d) $100 billion

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

Short Answer Questions

1. Who was the new CFO of JP Morgan in Chapter 12?

2. Who was described as the Chief Financial Officer at Goldman Sachs in Chapter 9?

3. Who did Jamie Dimon take with him to meet with Ben Bernanke in Chapter 12?

4. Who was the head of communications at Lehman Brothers in Chapter 6?

5. Where was the hedge fund Peloton based?

(see the answer key)

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