The credit crisis has been moving so quickly that everyone has had a hard time keeping up with the stupidity sweeping Wall Street. To get yourself up to date on the bailouts, bankruptcies and CEO buffoonery, try your luck with
The Five Dumbest Things Credit-Crisis Quiz
. Answering correctly could win you an autographed copy of Jim Cramer's
Enter by midnight Tuesday, Oct. 7, by
with the words "Contest Entry" in the subject line. We'll rerun the column Friday, Oct. 10, with the answers and the name of the winner. If there is more than one correct entry, of course, we'll have a drawing.
1. Which of the following quotes can
be attributed to
founder and money market fund creator Bruce Bent, just six weeks before his $63 billion Primary money market fund fell below $1 a share?
A. "We are seeing an unnecessary crisis of confidence in today's marketplace."
B. "It's important for investors to be aware of what and with whom they are investing, but at the same time they need to have confidence in the soundness of money market funds."
C. "You only find out who is swimming naked when the tide goes out."
D. "The purpose of the money market fund is to provide safety of principal, liquidity and a reasonable rate of return all the while boring investors into a sound sleep."
2. Which of the following fallen financial stocks did Bill Miller
own in his
Legg Mason Value Trust
at the end of the second quarter of 2008?
3. Match the CEO of the defunct investment bank with his excuse for his firm's demise.
I. Richard Fuld, Lehman Brothers
II. Alan Schwartz, Bear Stearns
III. James Cayne, Bear Stearns
IV. John Thain,
A. "I don't think the system is protected."
B. "We here are a collective victim of violence."
C. "I will hurt the shorts, and that is my goal."
D. "We just ran into our own hurricane."
4. Former AIG Chief Executive "Hank" Greenberg blamed which CEO for presiding over the company's "virtual destruction of shareholder value built up over 35 years?"
A. Robert Willumstad
B. Martin Sullivan
C. Edward Liddy
D. Maurice Greenberg
5. Where are they now? Match the credit-crisis outcast to his or her new home:
I. Ex-Lehman CFO Erin Callan
II. Ex-CNBC anchor Ron Insana
III. Ex-Bear Stearns CEO Alan Schwartz
CEO Chuck Prince
A. European investment bank
managing director Meredith Whitney predicted the coming credit crisis in her scathing research reports on banks like Citigroup. Whitney is married to professional wrestler John Layfield, who moonlights as a television stock pundit and is a former contributor to
Which of the following "ring names" has Layfield wrestled under during his career?
C. Vampiro Americano
D. Death Mask
E. Answers A and B
F. All of the Above
7. Short-selling was temporarily banned by the
New York Stock Exchange
in which of the following companies:
D. All of the above.
E. Answers A and B.
8. Name the sovereign wealth fund that rejected Lehman's pleas for a multi-billion dollar lifeline just before it collapsed:
A. Abu Dhabi Investment Authority
B. Government of Singapore Investment Corp.
C. Kuwait Investment Authority
D. Mizuho Corporate Bank
E. Korea Development Bank
9. According to Greenlight Capital's David Einhorn, how many times did Lehman Brothers then-CFO Erin Callan use the word "strong" during the company's first-quarter conference call in March?
E. Never said "strong", but said "Einhorn sucks" a few times
10. Lehman Brothers' board of directors did
include which of the following in 2008:
A. "Dr. Doom"
B. Theater producer
C. Retired naval officer
E. Hollywood actress
The U.S. government sponsors which European soccer team as a result of its bailout of AIG:
C. Bayern Munich
D. Manchester United
Before joining TheStreet.com, Gregg Greenberg was a writer and segment producer for CNBC's Closing Bell. He previously worked at FleetBoston and Lehman Brothers in their Private Client Services divisions, covering high net-worth individuals and midsize hedge funds. Greenberg attended New York University's School of Business and Economic Reporting. He also has an M.B.A. from Cornell University's Johnson School of Business, and a B.A. in history from Amherst College.