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

Multiple Choice Questions

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

2. What reporter wrote the story about Lehman that he described in Chapter 6 as “the worst betrayal of my career”?
(a) Gerald Donini
(b) David Einhorn
(c) Colm Kelleher
(d) Susanne Craig

3. Where did Hank Paulson earn his B.A. in English?
(a) Yale University
(b) Dartmouth College
(c) Stanford University
(d) Harvard University

4. According to the author in Chapter 3, Bob Steel knew he would face scrutiny from which U.S. senator who opposed government intervention in the markets?
(a) Senator Lisa Murkowski
(b) Senator Daniel Akaka
(c) Senator Jay Rockefeller
(d) Senator Jim Bunning

5. When was Warren Buffett born?
(a) 1941
(b) 1918
(c) 1930
(d) 1925

Short Answer Questions

1. With all eyes on Lehman after the Bear collapse, Hank Paulson suggested to Dick Fuld that it would be a good idea for Lehman to increase its holdings of what to shore up confidence in the bank?

2. Dick Fuld had been pressing what old friend and former Chairman of AIG to put money into Lehman Brothers in Chapter 6?

3. Dick Fuld expressed his belief that Lehman Brothers was under attack by what in Chapter 4?

4. What title did Hank Paulson hold in 2008?

5. Gerald Donini asserts when speaking with Jim Cramer in Chapter 5 that he felt the real problem in the marketplace wasn’t short-selling, but what?

(see the answer key)

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