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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 6-7.

Multiple Choice Questions

1. According to the author in Chapter 3, Bob Steel knew he would face scrutiny from which U.S. senator who opposed government intervention in the markets?
(a) Senator Lisa Murkowski
(b) Senator Jim Bunning
(c) Senator Jay Rockefeller
(d) Senator Daniel Akaka

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

3. According to the author in Chapter 1, Henry Paulson called and informed Dick Fuld that Bear Stearns collapsed and that the U.S. Treasury had taken the step of backing how much in Bear Stearns assets to restore confidence in the market?
(a) $30 billion
(b) $8 billion
(c) $2 billion
(d) $15 billion

4. According to the author in Chapter 1, Henry Paulson called and informed Dick Fuld that Bear Stearns collapsed and would be bought by what investment company?
(a) JP Morgan
(b) Citigroup
(c) Goldman Sachs
(d) Merrill Lynch

5. Bob Steel called which old friend at Barclays Bank in London to ask if Barclays might be interested in purchasing Lehman in Chapter 4?
(a) Bob Diamond
(b) Vikram Pandit
(c) David Viniar
(d) Dan Alpert

Short Answer Questions

1. Hank Paulson and his staff prepared a secret plan for how to deal with the situation should Lehman or another large firm go bankrupt, or if several banks should begin to fail at once. Who did they present their plan to in a meeting described by Sorkin in Chapter 4?

2. Who did John Thain replace in his position as CEO in 2007, as described by the author in Chapter 7?

3. 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?

4. The hedge fund Peloton had been started by what former Goldman executive, according to the author in Chapter 5?

5. The assignment of Jamie Dimon and a dozen of his rival CEOs at the emergency meeting at the Federal Reserve Bank of New York was to come up with a plan to save what company, according to the author in the Prologue?

(see the answer key)

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