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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 2-3.

Multiple Choice Questions

1. Dick Fuld was the CEO of what global financial services firm in March, 2008?
(a) Greenlight Capital
(b) Lehman Brothers
(c) JP Morgan
(d) Wells Fargo

2. 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) JP Morgan
(b) Citigroup
(c) Goldman Sachs
(d) Merrill Lynch

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

4. On what date did Lehman Brothers release its earnings report for the first quarter of 2008?
(a) February 6, 2008
(b) April 1, 2009
(c) June 22, 2008
(d) March 18, 2008

5. 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) Gold
(b) Silver
(c) Cash
(d) Platinum

Short Answer Questions

1. According to the author in Chapter 1, Henry Paulson called and informed Dick Fuld that Bear Stearns collapsed and that the U.S. Treasury had taken the step of backing how much in Bear Stearns assets to restore confidence in the market?

2. What refers to a security interest in real property held by a lender as a security for a debt?

3. In what year did Hank Paulson become a partner at Goldman Sachs?

4. On what morning does the author describe Jamie Dimon awakening after an emergency meeting at the Federal Reserve Bank of New York with a dozen of his rival Wall Street CEOs in the beginning of the Prologue?

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

(see the answer key)

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