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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 8-9.

Multiple Choice Questions

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

2. Who nominated Hank Paulson to his post in the federal cabinet?
(a) George W. Bush
(b) Barack Obama
(c) Dick Cheney
(d) Bill Clinton

3. On what date did Lloyd Blankfein arrive in the city where the Goldman Sachs board meeting was to take place in Chapter 9?
(a) March 4, 2007
(b) November 16, 2008
(c) October 21, 2007
(d) June 27, 2008

4. 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) $30 billion
(b) $15 billion
(c) $2 billion
(d) $8 billion

5. What was the Chairman of the Board of AIG’s outside law firm in Chapter 8?
(a) Simpson Thacher & Bartlett
(b) Richards, Abbot & James
(c) Stephens, Jones, and Thompson
(d) Michaels, Frederick & Williams

Short Answer Questions

1. When was Warren Buffett born?

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

3. John Thain went to Michael Bloomberg and proposed that Bloomberg buy back what percent of his company from the bank in Chapter 7?

4. Where was Dick Fuld born?

5. Who did Scott Friedheim believe to be responsible for the leak to the Wall Street Journal in Chapter 6?

(see the answer key)

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