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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. Sorkin states in the Epilogue that “AIG had become an even greater burden than anyone expected, as its initial $85 billion lifeline from taxpayers eventually grew to include more than” how much in government aid?
(a) $675 billion
(b) $220 billion
(c) $425 billion
(d) $180 billion

2. In what year did Hank Paulson become a partner at Goldman Sachs?
(a) 1979
(b) 1989
(c) 1982
(d) 1985

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?
(a) $10 billion
(b) $20 billion
(c) $30 billion
(d) $40 billion

4. Lloyd Blankfein was waiting to make a speech in Chapter 14 that discussed Goldman Sachs’ nonprofit program that fostered business and management education for whom?
(a) Minorities
(b) Children
(c) The elderly
(d) Women

5. Henry Paulson announced his plan to stop the market panic in Chapter 18. This plan was called TARP, which stands for what?
(a) Technology Advancement Reward Program
(b) Taxable Asset Recuperation Program
(c) Troubled Asset Relief Program
(d) Terminal Asset Reduction Philosophy

Short Answer Questions

1. John Thain is described in Chapter 7 as having worked for Henry Paulson at Goldman Sachs and then as CEO of what company?

2. Chapter 19 opens with the author’s description of what date?

3. By what name is the regulation that “had been introduced by the Securities and Exchange Commission in 1938 to prevent investors from continually shorting a stock that was falling” called?

4. Who was described as the head of the FDIC in Chapter 12?

5. Jamie Dimon was the Chief Executive Officer of what banking and financial services holding company in 2008?

(see the answer key)

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