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

Multiple Choice Questions

1. 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) Kevin Warsh
(b) Eliot Spitzer
(c) Jim Cracchiolo
(d) Ron Beller

2. Timothy Geithner was the President of the Federal Reserve Bank of New York during what years?
(a) 1999-2002
(b) 2001-2010
(c) 2003-2009
(d) 2002-2005

3. Who was the head of communications at Lehman Brothers in Chapter 6?
(a) Jeremiah Norton
(b) Michael Cavanaugh
(c) Tony Ryan
(d) Andrew Gowers

4. John Thain went to Michael Bloomberg and proposed that Bloomberg buy back what percent of his company from the bank in Chapter 7?
(a) 20%
(b) 50%
(c) 10%
(d) 35%

5. What were the quarterly losses that were announced at Lehman Brothers on June 9, 2008?
(a) $2.8 billion
(b) $3.6 billion
(c) $2.2 billion
(d) $1.7 billion

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 was the title of the article from the Wall Street Journal that Dick Fuld called “the worst betrayal of my career” in Chapter 6?

3. What was the largest and most prestigious investment bank in the nation that Jamie Dimon advised his staff could possibly file bankruptcy in the Prologue?

4. What word in finance refers to the act of making loans to people who may have difficulty maintaining the repayment schedule?

5. Jamie Dimon was the Chief Executive Officer of what banking and financial services holding company in 2008?

(see the answer key)

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