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This quiz consists of 5 multiple choice and 5 short answer questions through Part 3: Chapter 17, The Humbling.

Multiple Choice Questions

1. Who made the contact for Wedvick with Kansa?
(a) Michael Milken
(b) Rodrigo Rocha
(c) Fred Joseph
(d) Carl Icahn

2. Why did none of the thirty bills introduced covering takeovers in 1984-85 pass?
(a) Many politicians who received large contributions attended the Predators' Ball in 1986.
(b) Drexel took leading politicians on a vacation to the Bahamas.
(c) The Congress did not think it was an important matter.
(d) Congress was waiting for a supreme court decision.

3. Keeping New York office hours, at what time did they begin work in L. A.?
(a) 6:30 a.m.
(b) 7:00 a.m.
(c) 10:00 a.m.
(d) 4:30 a.m.

4. On May 12, 1986, who was charged with insider trading and agreed to cooperate with the government?
(a) Fred Joseph
(b) Dennis Levine
(c) Lowell Milken
(d) Car Icahn

5. What was another company Wedvick used in his investment scheme?
(a) Kansa General Insurance Company in Helsinki, Finland
(b) Barzil International Insurance
(c) Banco de Mexico
(d) Caribbean Investment Corporation

Short Answer Questions

1. What did Milken demand from everyone around him?

2. What two large companies did Drexel underwrite bond issues for in a ten-day period?

3. What kind of business did Milken's Belvedere Securities do?

4. What did the 1985 President's Council of Economic Advisers report on the issue of M&A conclude?

5. What was Peer Wedvick devising?

(see the answer key)

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