View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 20 and Epilogue.

Multiple Choice Questions

1. Chapter 18 opens with the author’s description of what date?
(a) September 19, 2008
(b) August 24, 2008
(c) September 3, 2008
(d) October 3, 2008

2. 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) 20%
(d) 35%

3. Who was the head of JP Morgan’s Consumer Business department, according to the author in Chapter 12?
(a) Hank Greenberg
(b) Scott Friedheim
(c) David Einhorn
(d) Charlie Scharf

4. Freddie Mac had a reported loss of how much in the morning when Henry Paulson met with the top bankers at the Treasury building in Chapter 11?
(a) $821 million
(b) $558 million
(c) $697 million
(d) $461 million

5. 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?
(a) Daniel A. Simkowitz
(b) Ben Bernanke
(c) Michael Bloomberg
(d) Jim Cramer

Short Answer Questions

1. What word in finance refers to the act of making loans to people who may have difficulty maintaining the repayment schedule?

2. According to the author in Chapter 5, Dick Fuld “said that he had become convinced that two of the nation’s most powerful financiers were largely responsible for both the short raid and rumor mongering.” Who were these financiers?

3. David Einhorn was the founder and president of what hedge fund?

4. Henry Paulson announced his plan to stop the market panic in Chapter 18. This plan was called TARP, which stands for what?

5. In 2008, AIG had grown into one of the world’s largest financial companies, with a market value of just under how much?

(see the answer key)

This section contains 320 words (approx. 2 pages at 300 words per page) View a FREE sample