|Name: _________________________||Period: ___________________|
This test consists of 15 multiple choice questions and 5 short answer questions.
Multiple Choice Questions
1. The assignment of Jamie Dimon and a dozen of his rival CEOs at the emergency meeting at the Federal Reserve Bank of New York was to come up with a plan to save what company, according to the author in the Prologue?
(a) JP Morgan
(b) Lehman Brothers
(c) Merrill Lynch
(d) Berkshire Hathaway
2. What was the Chairman of the Board of AIG’s outside law firm in Chapter 8?
(a) Simpson Thacher & Bartlett
(b) Richards, Abbot & James
(c) Michaels, Frederick & Williams
(d) Stephens, Jones, and Thompson
3. John Thain was described as the CEO of which investment banking and wealth management firm in Chapter 7?
(a) Berkshire Hathaway
(b) Merrill Lynch
(c) Greenlight Capital
(d) Lehman Brothers
4. Hank Paulson joined Goldman Sachs covering large industrial companies in the Midwest in what year?
5. Who nominated Hank Paulson to his post in the federal cabinet?
(a) Dick Cheney
(b) Bill Clinton
(c) George W. Bush
(d) Barack Obama
6. Who did John Thain replace in his position as CEO in 2007, as described by the author in Chapter 7?
(a) David Viniar
(b) Bob Willumstad
(c) Jim Cramer
(d) Stan O’Neal
7. On what date did Lloyd Blankfein arrive in the city where the Goldman Sachs board meeting was to take place in Chapter 9?
(a) June 27, 2008
(b) October 21, 2007
(c) November 16, 2008
(d) March 4, 2007
8. What reporter wrote the story about Lehman that he described in Chapter 6 as “the worst betrayal of my career”?
(a) Susanne Craig
(b) Colm Kelleher
(c) Gerald Donini
(d) David Einhorn
9. With all eyes on Lehman after the Bear collapse, Hank Paulson suggested to Dick Fuld that it would be a good idea for Lehman to increase its holdings of what to shore up confidence in the bank?
10. Who did Bob Willumstad refer to as the former Chairman at AIG that thought Willumstad’s position was all or nothing in Chapter 8?
(a) John Thain
(b) Skip McGee
(c) Frank Zarb
(d) David Faber
11. Jamie Dimon was the Chief Executive Officer of what banking and financial services holding company in 2008?
(a) Merrill Lynch
(b) JP Morgan
(d) Chemical Bank
12. How much was oil going for per barrel according to the author in Chapter 9?
13. Who did Hank Paulson succeed as Chief Executive of Goldman Sachs?
(a) Jon Corzine
(b) Jamie Dimon
(c) David Einhorn
(d) Gerald Donini
14. When did FAS 157 become effective?
(a) August 1, 2004
(b) May 9, 2006
(c) June 28, 2005
(d) November 15, 2007
15. John Thain is described in Chapter 7 as having worked for Henry Paulson at Goldman Sachs and then as CEO of what company?
(a) Berkshire Hathaway
(c) The New York Stock Exchange
(d) The International Monetary Fund
Short Answer Questions
1. Jamie Dimon told Hank Paulson that JP Morgan had upped its offer from $2 per share to what in Chapter 2?
2. Who was the Chairman of the Federal Reserve in 2008?
3. Bob Steel called which old friend at Barclays Bank in London to ask if Barclays might be interested in purchasing Lehman in Chapter 4?
4. According to the author in Chapter 3, Geithner kept Jamie Dimon from abandoning the negotiations with Bear Stearns by working out a deal where the Federal Reserve lent money to Bear Stearns through JP Morgan, guaranteeing Morgan against how much in losses?
5. According to the author in Chapter 6, Scott Friedheim was an executive in whose mold?
This section contains 535 words
(approx. 2 pages at 300 words per page)