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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 4-5.

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) Subprime lending
(b) Stocks
(c) Derivatives
(d) Naked-shorting

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

3. Where did Dick Fuld receive his B.A. and B.S. in 1969?
(a) The University of Arizona at Flagstaff
(b) The University of Colorado at Boulder
(c) The University of Washington at Tacoma
(d) The University of Idaho at Boise

4. Where does the author say Gerald Domini lived in Chapter 5?
(a) Boston, Massachusetts
(b) Bangor, Maine
(c) Summit, NJ
(d) Hartford, Connecticut

5. 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?
(a) $8 billion
(b) $2 billion
(c) $15 billion
(d) $30 billion

Short Answer Questions

1. Dick Fuld and who called Warren Buffett to ask him to consider investing in Lehman Brothers, according to the author in Chapter 2?

2. What was the name of Lehman Brothers’ bomb-sniffing Labrador described in Chapter 5?

3. Who was the Chief Financial Officer of Lehman Brothers that presented the earnings report for the first quarter of 2008?

4. On what date did Lehman Brothers release its earnings report for the first quarter of 2008?

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

(see the answer key)

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