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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. As part of the plan for dealing with AIG’s problems, Bob Willumstad would be replaced as CEO of AIG by who, according to the author in Chapter 16?
(a) Robert Scully
(b) Lewis Glucksman
(c) Eliot Spitzer
(d) Ed Liddy

2. In what year does the author state Long-Term Capital Management blew up in Chapter 5?
(a) 1996
(b) 1998
(c) 1995
(d) 1999

3. What does AIG stand for?
(a) Apex Investments Guild
(b) Anonymous Investors Group
(c) American International Group
(d) American Investors Guild

4. Who was described as the Managing Director of Westwood Capital LLC in Chapter 11?
(a) David Einhorn
(b) Dick Fuld
(c) David Goldfarb
(d) Dan Alpert

5. According to Sorkin in the Epilogue, during several months in 2008, each “of the former Big Five investment banks failed, was sold, or was converted into” what?
(a) A hedge fund management firm
(b) A publicly traded company
(c) A non-profit organization
(d) A bank holding company

Short Answer Questions

1. 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?

2. AIG was scheduled to report what losses in its second quarter in Chapter 11?

3. What does CIC stand for?

4. In Chapter 16, who called JP Morgan and Goldman Sachs to come meet with the other Wall Street leaders to look at a solution for the AIG problem?

5. What was referred to as “the good bank-bad bank plan” that McDade was thinking of announcing in Chapter 12?

(see the answer key)

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