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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 16-17.

Multiple Choice Questions

1. What does FDIC stand for?
(a) Financial Deposit Insurance Company
(b) Fiscal Depreciation Investment Corporation
(c) Federal Denomination Investment Clause
(d) Federal Deposit Insurance Corporation

2. Jim Cracchiolo was described as the head of what institution in Chapter 17?
(a) Ameriprise
(b) Brysam Global Partners
(c) Morgan Stanley
(d) Greenlight Capital

3. Freddie Mac had a reported loss of how much in the morning when Henry Paulson met with the top bankers at the Treasury building in Chapter 11?
(a) $697 million
(b) $461 million
(c) $558 million
(d) $821 million

4. What word in finance refers to the act of making loans to people who may have difficulty maintaining the repayment schedule?
(a) Short-selling
(b) Naked short-selling
(c) Subprime lending
(d) Derivative lending

5. Who is described in Chapter 12 as the Chairman of the Financial Services Commission in Korea?
(a) Gao Xiqing
(b) Vikram Pandit
(c) Min Euoo Song
(d) Jun Kwang-woo

Short Answer Questions

1. John Thain thought in Chapter 14 as he pulled up to the New York Federal Reserve Building that the last time he’d been there was during the rescue of Long-Term Capital Management in what year?

2. Who did Dick Fuld ask to put in a word with the Korean bank for Lehman Brothers in Chapter 10?

3. 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?

4. Where does the author say Gerald Domini lived in Chapter 5?

5. Bob Willumstad had been asked by the board of AIG to replace whom as CEO in Chapter 8?

(see the answer key)

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