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The '5 Dumbest Things' Holiday Quiz: Answers


Congratulations to those who took our Thanksgiving quiz which recapped Wall Street's biggest flops during the fall. Hopefully, you had some fun.

Justin Schweitzer from Baltimore, Md. is our winner. He'll get an autographed copy of Jim Cramer's Get Rich Carefully . Thanks to all for playing.

Now, here are the answers.

1. AIG CEO Bob Benmosche compared the public outrage over his firms giant bailout bonus checks to what during a September WSJ interview?
A. Brazilian soccer riots
B. Tea Party Rallies
C. Kid n Play House Parties
D. Lynchings in the Deep South

ANSWER: D. Bob later apologized for the asinine analogy.

2. Which companys stock did overeager Twitter investors mistakenly pile into a month before the social media company went public in November, sending its shares up 1,400%?
A. Towers Watson
B. Tweeter Home Entertainment Group
C. Towerstream
D. Time Warner

ANSWER: B. Bankrupt Tweeter got an unlikely boost from a bunch of twits!

3. Shares of Coronado BioSciences tumbled 67% to $1.91 in mid-October after the company blamed a higher-than-expected placebo response for the failure of its experimental Crohns Disease treatment in a Phase II study. What was the active ingredient of Coronados drug?
A. Altered cells found in the livers of Chickens
B. Irradiated soybeans
C. Live eggs of a parasite found in pig excrement
D. Expired Parmalat milk

ANSWER: C. Definitely not kosher for shareholders.

4. Which ratings agency downgraded Americas local and foreign currency ratings to A- from A in October despite Congress last ditch deal to end the government shutdown?
A. Dagong
B. S&P
C. Moodys
D. Fitch

ANSWER: A. You dont need Chuck Barris for Dagong show. Just bad credit.

5. What did domestic diva Martha Stewart say in late October after her company Martha Stewart Living Omnimedia reduced its J.C. Penney offerings in order to settle its legal dispute with Macys?
A. We cleared up the issue. I hope this helps in the resolution of the lawsuit.
B. I refuse to answer that on the grounds that I don't want to.
C. It must have been some other body, uh uh, Sarge, it wasn't me.
D. I just did it and I want to do it again.

ANSWER: A. Not a good thing Martha! At least not a good apology.

6. A late October SEC filing revealed that activist investor Carl Icahn sold more than half of his Netflix stake, or more than 3 million shares for a 457% profit. What did his portfolio manager son Brett say in the same disclosure?
A. We believe the company remains significantly undervalued.
B. We believe Netflix is one of the great consumer bargains of our time.
C. What the hell does he know? My dad cant even set the clock on the microwave over, let alone download a Netflix movie.