Weekly Review Quiz as of 2010-04-29
Finance
Probe Turns to Buffett Deal
by Susan Pulliam
04/23/2010
http://online.wsj.com/article/SB10001424052748703876404575200423282391104.html
1. According to The Wall Street Journal, who has been accused of tipping off Raj Rajaratnam, founder of the Galleon Group hedge fund, about a $5 billion investment in Goldman by Warren Buffett's Berkshire Hathaway Inc. before a public announcement of the deal at the height of the 2008 financial crisis?
* a) a director at Goldman Sachs
b) the SEC's enforcement chief
c) the chief financial officer at Goldman Sachs
d) the chief financial officer at Berkshire Hathaway
e) a director of Berkshire Hathaway
Greece Asks for $60 Billion Bailout
by Charles Forelle and Alkman Granitsas
04/24/2010
http://online.wsj.com/article/SB20001424052748703709804575201330937572258.html
2. On Friday, April 23, what step did Greece take in light of its growing financial crisis?
a) it withdrew from the euro-zone and reissued its own currency
b) it defaulted on its maturing debt
* c) it asked fellow euro-zone members and the International Monetary Fund to bail it out
d) it issued bonds denominated in dollars rather than in Euros
e) it cut the pay of Greek government employees by 30%
Deal Near on Derivatives
by Damian Paletta and Scott Patterson
04/26/2010
http://online.wsj.com/article/SB20001424052748703441404575206252252365076.html
3. According to The Wall Street Journal, which of the following firms lobbied to exclude existing derivative contracts from the proposed overhaul of derivatives regulation?
a) Goldman Sachs
b) J.P. Morgan Chase
c) Citigroup
* d) Berkshire Hathaway
e) AIG
Global Divide Grows Over A Bank Tax
by Bob Davis
04/26/2010
http://online.wsj.com/article/SB20001424052748703441404575206384010196258.html
4. Which of the following countries firmly opposes a global bank tax to cover the cost of future financial crises?
a) Germany
b) France
* c) Japan
d) the U.K.
e) the United States
Finance Bill Hits Impasse
by Greg Hitt and Michael R. Crittenden
04/27/2010
http://online.wsj.com/article/SB20001424052748703465204575207960621725650.html
5. On Monday, April 26, what held up a bill to overhaul financial regulation?
a) Citigroup and J.P. Morgan Chase threatened to move their headquarters to Bermuda if the bill passes
b) President Obama asked for changes that would make it more difficult for speculators to use credit-default swaps to gain if state governments default
c) there was no holdup as both the Senate and House passed the legislation
* d) on a 57-41 vote, Democrats fell short of the 60 votes they needed to begin debate
e) the House of Representatives voted to send the bill back to committee