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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 20 and Epilogue.

Multiple Choice Questions

1. Who did John Thain replace in his position as CEO in 2007, as described by the author in Chapter 7?
(a) David Viniar
(b) Stan O’Neal
(c) Bob Willumstad
(d) Jim Cramer

2. What is the common name for the Federal National Mortgage Association?
(a) Fannie Mae
(b) Reserve Primary Fund
(c) Ameriprise
(d) Wachovia

3. By what nickname is Warren Buffett known in the financial world?
(a) The Wizard of Omaha
(b) The Money Machine
(c) Rich Uncle Pennybags
(d) The Wealth Extractor

4. Who was described as Hank Paulson’s adversary on the Senate Banking Committee in Chapter 10?
(a) David Faber
(b) Jim Wilkinson
(c) Jim Bunning
(d) David Goldfarb

5. When did Bob Willumstad accept the position of CEO of AIG?
(a) June, 2008
(b) August, 2006
(c) November, 2005
(d) March, 2007

Short Answer Questions

1. In 2008, AIG had grown into one of the world’s largest financial companies, with more than how much worth of assets on its books?

2. On the heels of David Einhorn’s campaign against Lehman Brothers, Lehman’s stock had fallen how much since Einhorn’s speech in May, according to the author in Chapter 6?

3. Greg Curl informed Hank Paulson that Bank of America would agree to the deal regarding Lehman Brothers only if the government was willing to take how much of losses on Lehman’s assets in Chapter 14?

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

5. According to the author in the Epilogue, “criticism was leveled at [John] Thain when it emerged that he had asked the outgoing Merrill board for as much as a” bonus of how much?

(see the answer key)

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