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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 18-19.

Multiple Choice Questions

1. With all eyes on Lehman after the Bear collapse, Hank Paulson suggested to Dick Fuld that it would be a good idea for Lehman to increase its holdings of what to shore up confidence in the bank?
(a) Silver
(b) Platinum
(c) Gold
(d) Cash

2. What analyze at Fox-Pitt Kelton is quoted in the New York Times in Chapter 13 as saying, “Some may worry that Treasury has taken on so much taxpayer burden they don’t have any remaining capacity to take on the burdens of Lehman”?
(a) Andrew Gowers
(b) Robert Scully
(c) David Trone
(d) Jeremiah Norton

3. When did FAS 157 become effective?
(a) August 1, 2004
(b) May 9, 2006
(c) June 28, 2005
(d) November 15, 2007

4. Warren Buffett is the primary shareholder, chairman and CEO of what American multinational conglomerate holding company?
(a) Westwood Capital LLC
(b) Wells Fargo
(c) BlackRock
(d) Berkshire Hathaway

5. Chapter 18 opens with the author’s description of what date?
(a) August 24, 2008
(b) October 3, 2008
(c) September 3, 2008
(d) September 19, 2008

Short Answer Questions

1. Where was Dick Fuld visiting when he received an urgent call from Henry Paulson regarding the collapse of the fifth largest investment bank in the U.S., according to the author in Chapter 1?

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. According to the author in Chapter 6, Scott Friedheim was an executive in whose mold?

4. What was the Chairman of the Board of AIG’s outside law firm in Chapter 8?

5. Senator Jim Bunning, who had sparred with Paulson over the summer, had gone so far as to call Hank Paulson what, according to the author in Chapter 12?

(see the answer key)

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