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

Multiple Choice Questions

1. Gerald Donini asserts when speaking with Jim Cramer in Chapter 5 that he felt the real problem in the marketplace wasn’t short-selling, but what?
(a) Naked-shorting
(b) Subprime lending
(c) Derivatives
(d) Stocks

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

3. How old was David Einhorn described as being when he prepared for a speech at the Ira W. Sohn Investment Research Conference in Chapter 5?
(a) 51
(b) 42
(c) 39
(d) 33

4. 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) Berkshire Hathaway
(c) JP Morgan
(d) Merrill Lynch

5. Hank Paulson joined Goldman Sachs covering large industrial companies in the Midwest in what year?
(a) 1974
(b) 1967
(c) 1971
(d) 1980

Short Answer Questions

1. Dick Fuld expressed his belief that Lehman Brothers was under attack by what in Chapter 4?

2. Who did Scott Friedheim believe to be responsible for the leak to the Wall Street Journal in Chapter 6?

3. Who did Hank Paulson succeed as Chief Executive of Goldman Sachs?

4. Who nominated Hank Paulson to his post in the federal cabinet?

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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