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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) Lehman Brothers
(b) Wells Fargo
(c) JP Morgan
(d) Greenlight Capital

3. Where was the hedge fund Peloton based?
(a) London
(b) Paris
(c) Chicago
(d) New York

4. Who did Dick Fuld choose as his right-hand-man when he became CEO of a leading global financial services firm?
(a) Joe Gregory
(b) Bob Kelly
(c) David Trone
(d) Edward Liddy

5. According to the author in Chapter 5, Jim Cramer, a media star, was solidly Harvard and counted as one of his best friends which individual called “the bane of Wall Street”?
(a) Ron Beller
(b) Kevin Warsh
(c) Eliot Spitzer
(d) Jim Cracchiolo

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. Jamie Dimon told Hank Paulson that JP Morgan had upped its offer from $2 per share to what in Chapter 2?

3. Who was the Chairman of the Federal Reserve in 2008?

4. Hank Paulson and his staff prepared a secret plan for how to deal with the situation should Lehman or another large firm go bankrupt, or if several banks should begin to fail at once. Who did they present their plan to in a meeting described by Sorkin in Chapter 4?

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

(see the answer key)

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