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

Multiple Choice Questions

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

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

3. According to the author in Chapter 5, Dick Fuld “said that he had become convinced that two of the nation’s most powerful financiers were largely responsible for both the short raid and rumor mongering.” Who were these financiers?
(a) David Goldfarb and Scott Friedheim
(b) Steven A. Cohen and Kenneth C. Griffin
(c) Lloyd Blankfein and Andrew Gowers
(d) Dan Alpert and Bart McDade

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

5. According to the author in Chapter 6, Scott Friedheim was an executive in whose mold?
(a) Warren Buffett’s
(b) Arnold Swarzanegger’s
(c) Ben Bernanke’s
(d) Joe Gregory’s

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. Who was described as the Chief Financial Officer at Goldman Sachs in Chapter 9?

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

4. Where did Hank Paulson earn his B.A. in English?

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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