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

2. 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?
(a) Lehman Brothers
(b) JP Morgan
(c) Berkshire Hathaway
(d) Merrill Lynch

3. 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) Subprime lending
(c) Derivative lending
(d) Naked short-selling

4. Who did Dick Fuld choose as his right-hand-man when he became CEO of a leading global financial services firm?
(a) Edward Liddy
(b) David Trone
(c) Bob Kelly
(d) Joe Gregory

5. Jim Cramer was a popular television celebrity with an influential financial program on what network, according to the author in Chapter 5?
(a) ABC
(b) CNBC
(c) CNN
(d) FOX

Short Answer Questions

1. Where was the hedge fund Peloton based?

2. According to the author in Chapter 5, David Einhorn was a hedge manager controlling over how much money in assets?

3. 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?

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

5. On what date does the author describe Dick Fuld holding a copy of the Wall Street Journal with an article on page C1 that was deemed by him “the worst betrayal of my career” in Chapter 6?

(see the answer key)

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