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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 8-9.

Multiple Choice Questions

1. On the heels of David Einhorn’s campaign against Lehman Brothers, Lehman’s stock had fallen how much since Einhorn’s speech in May, according to the author in Chapter 6?
(a) 31.0%
(b) 22.6%
(c) 12.5%
(d) 37.2%

2. In 2008, AIG had grown into one of the world’s largest financial companies, with more than how much worth of assets on its books?
(a) $300 billion
(b) $1 trillion
(c) $450 billion
(d) $800 billion

3. John Thain was described as the CEO of which investment banking and wealth management firm in Chapter 7?
(a) Lehman Brothers
(b) Berkshire Hathaway
(c) Merrill Lynch
(d) Greenlight Capital

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

5. Timothy Geithner was the President of the Federal Reserve Bank of New York during what years?
(a) 2003-2009
(b) 2001-2010
(c) 2002-2005
(d) 1999-2002

Short Answer Questions

1. Who did John Thain replace in his position as CEO in 2007, as described by the author in Chapter 7?

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

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

4. What was the name of Lehman Brothers’ bomb-sniffing Labrador described in Chapter 5?

5. Where was Hank Paulson born?

(see the answer key)

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