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

Multiple Choice Questions

1. 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 Jim Bunning
(b) Senator Daniel Akaka
(c) Senator Jay Rockefeller
(d) Senator Lisa Murkowski

2. What does AIG stand for?
(a) Anonymous Investors Group
(b) American Investors Guild
(c) Apex Investments Guild
(d) American International Group

3. 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?
(a) $500 billion
(b) $300 billion
(c) $200 billion
(d) $100 billion

4. AIG began with what name in a small office in Shanghai in 1919?
(a) Pacific Ring Investments
(b) Asian Underwriters Union
(c) American Asiatic Underwriters
(d) Asian-American Investment Partnership

5. Bob Willumstad had been asked by the board of AIG to replace whom as CEO in Chapter 8?
(a) Eddie Lampert
(b) David Einhorn
(c) Martin Sullivan
(d) Tony Ryan

Short Answer Questions

1. Who was Dick Fuld’s Chief Strategy Officer in Chapter 6?

2. Who was the Chief Financial Officer of Lehman Brothers that presented the earnings report for the first quarter of 2008?

3. According to the author in Chapter 1, Henry Paulson called and informed Dick Fuld that Bear Stearns collapsed and that the U.S. Treasury had taken the step of backing how much in Bear Stearns assets to restore confidence in the market?

4. According to the author in Chapter 6, Scott Friedheim was an executive in whose mold?

5. Lloyd Blankfein had assembled a meeting of the board of Goldman Sachs where in Chapter 9?

(see the answer key)

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