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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 6-7.

Multiple Choice Questions

1. According to the author in Chapter 5, David Einhorn was a hedge manager controlling over how much money in assets?
(a) $12 billion
(b) $10 billion
(c) $6 billion
(d) $3 billion

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

3. What were the quarterly losses that were announced at Lehman Brothers on June 9, 2008?
(a) $2.8 billion
(b) $2.2 billion
(c) $1.7 billion
(d) $3.6 billion

4. Jim Cramer was a popular television celebrity with an influential financial program on what network, according to the author in Chapter 5?
(a) ABC
(b) CNBC
(c) CNN
(d) FOX

5. Jamie Dimon told Hank Paulson that JP Morgan had upped its offer from $2 per share to what in Chapter 2?
(a) $4 per share
(b) $16 per share
(c) $10 per share
(d) $9 per share

Short Answer Questions

1. When did FAS 157 become effective?

2. Hank Paulson and his staff prepared a secret plan for how to deal with the situation should Lehman or another large firm go bankrupt, or if several banks should begin to fail at once. Who did they present their plan to in a meeting described by Sorkin in Chapter 4?

3. Where was the hedge fund Peloton based?

4. John Thain went to Michael Bloomberg and proposed that Bloomberg buy back what percent of his company from the bank in Chapter 7?

5. Where was Dick Fuld born?

(see the answer key)

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