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

Multiple Choice Questions

1. John Thain went to Michael Bloomberg and proposed that Bloomberg buy back what percent of his company from the bank in Chapter 7?
(a) 10%
(b) 50%
(c) 35%
(d) 20%

2. What was the largest and most prestigious investment bank in the nation that Jamie Dimon advised his staff could possibly file bankruptcy in the Prologue?
(a) Wells Fargo
(b) Barclays
(c) Wachovia
(d) Goldman Sachs

3. Dick Fuld expressed his belief that Lehman Brothers was under attack by what in Chapter 4?
(a) Short-sellers
(b) Subprime lenders
(c) Mortgages
(d) Derivatives

4. Where was Dick Fuld visiting when he received an urgent call from Henry Paulson regarding the collapse of the fifth largest investment bank in the U.S., according to the author in Chapter 1?
(a) England
(b) Iceland
(c) China
(d) India

5. What was Dick Fuld nicknamed on Wall Street for his competitive nature?
(a) Shark
(b) Hyena
(c) Bear
(d) Gorilla

Short Answer Questions

1. Hank Paulson and his staff prepared a secret plan for how to deal with the situation in Chapter 4. Their plan proposed that should the banks fail, the Treasury Department would purchase up to how many of the bad assets of the banks in order to stabilize the market?

2. Where was Dick Fuld born?

3. How old was Scott Friedheim described by the author in Chapter 6?

4. Who did Hank Paulson succeed as Chief Executive of Goldman Sachs?

5. In what year does the author state Long-Term Capital Management blew up in Chapter 5?

(see the answer key)

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