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

Multiple Choice Questions

1. What word in finance refers to the act of making loans to people who may have difficulty maintaining the repayment schedule?
(a) Short-selling
(b) Naked short-selling
(c) Derivative lending
(d) Subprime lending

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

3. Who is described as Lehman Brothers’ spokesperson in Chapter 6?
(a) Margaret Law
(b) Erin Callan
(c) Kerrie Cohen
(d) Sheila Bair

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

5. According to the author in Chapter 6, Scott Friedheim was an executive in whose mold?
(a) Warren Buffett’s
(b) Joe Gregory’s
(c) Ben Bernanke’s
(d) Arnold Swarzanegger’s

Short Answer Questions

1. David Einhorn was the founder and president of what hedge fund?

2. What were the quarterly losses that were announced at Lehman Brothers on June 9, 2008?

3. Where was the hedge fund Peloton based?

4. Who was the Chief Financial Officer of Lehman Brothers that presented the earnings report for the first quarter of 2008?

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?

(see the answer key)

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