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

Multiple Choice Questions

1. By what nickname is Warren Buffett known in the financial world?
(a) The Wizard of Omaha
(b) The Money Machine
(c) Rich Uncle Pennybags
(d) The Wealth Extractor

2. Who did John Thain replace in his position as CEO in 2007, as described by the author in Chapter 7?
(a) Jim Cramer
(b) Stan O’Neal
(c) Bob Willumstad
(d) David Viniar

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

4. 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 Jim Bunning
(b) Senator Jay Rockefeller
(c) Senator Lisa Murkowski
(d) Senator Daniel Akaka

5. John Thain went to Michael Bloomberg and proposed that Bloomberg buy back what percent of his company from the bank in Chapter 7?
(a) 20%
(b) 35%
(c) 10%
(d) 50%

Short Answer Questions

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

2. From which hedge fund mogul had Scott Friedheim recently bought a black GMC Denali outfitted with internet access and a chauffeur in Chapter 6?

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

4. Who did Dick Fuld choose as his right-hand-man when he became CEO of a leading global financial services firm?

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

(see the answer key)

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