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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. In what year was Bob Willumstad outmaneuvered by Sandy Weill from Citigroup, according to the author in Chapter 8?
(a) 2005
(b) 1998
(c) 2000
(d) 2003

2. On what date does the author describe Dick Fuld holding a copy of the Wall Street Journal with an article on page C1 that was deemed by him “the worst betrayal of my career” in Chapter 6?
(a) February 17, 2007
(b) January 25, 2008
(c) June 4, 2008
(d) July 8, 2007

3. According to the author in Chapter 5, David Einhorn was a hedge manager controlling over how much money in assets?
(a) $3 billion
(b) $10 billion
(c) $6 billion
(d) $12 billion

4. What title did Hank Paulson hold in 2008?
(a) United States Secretary of the Interior
(b) United States Secretary of the Treasury
(c) United States Secretary of Education
(d) United States Secretary of State

5. John Thain was described as the CEO of which investment banking and wealth management firm in Chapter 7?
(a) Lehman Brothers
(b) Greenlight Capital
(c) Merrill Lynch
(d) Berkshire Hathaway

6. In 2008, AIG had grown into one of the world’s largest financial companies, with a market value of just under how much?
(a) $50 billion
(b) $125 billion
(c) $80 billion
(d) $35 billon

7. Dick Fuld and who called Warren Buffett to ask him to consider investing in Lehman Brothers, according to the author in Chapter 2?
(a) Erin Callan
(b) Cornelius Vander Starr
(c) Kerrie Cohen
(d) Bob Diamond

8. 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) Merrill Lynch
(c) Lehman Brothers
(d) Berkshire Hathaway

9. Where did Dick Fuld receive his B.A. and B.S. in 1969?
(a) The University of Arizona at Flagstaff
(b) The University of Idaho at Boise
(c) The University of Colorado at Boulder
(d) The University of Washington at Tacoma

10. Where was Dick Fuld born?
(a) Chicago, IL
(b) New York, NY
(c) New Orleans, LA
(d) Dallas, TX

11. Warren Buffett is the primary shareholder, chairman and CEO of what American multinational conglomerate holding company?
(a) Westwood Capital LLC
(b) Wells Fargo
(c) BlackRock
(d) Berkshire Hathaway

12. Who is described as Lehman Brothers’ spokesperson in Chapter 6?
(a) Sheila Bair
(b) Erin Callan
(c) Kerrie Cohen
(d) Margaret Law

13. Who was the Chief Financial Officer of Lehman Brothers that presented the earnings report for the first quarter of 2008?
(a) Erin Callan
(b) Barry Zubrow
(c) Skip McGee
(d) David Einhorn

14. Dick Fuld had been pressing what old friend and former Chairman of AIG to put money into Lehman Brothers in Chapter 6?
(a) Frank Zarb
(b) Hank Greenberg
(c) Charlie Scharf
(d) Brian Moynihan

15. What was the largest and most prestigious investment bank in the nation that Jamie Dimon advised his staff could possibly file bankruptcy in the Prologue?
(a) Barclays
(b) Goldman Sachs
(c) Wells Fargo
(d) Wachovia

Short Answer Questions

1. According to the author in Chapter 1, Henry Paulson called and informed Dick Fuld that Bear Stearns collapsed and would be bought by what investment company?

2. When did FAS 157 become effective?

3. Who did Hank Paulson succeed as Chief Executive of Goldman Sachs?

4. John Thain is described in Chapter 7 as having worked for Henry Paulson at Goldman Sachs and then as CEO of what company?

5. Where was the hedge fund Peloton based?

(see the answer keys)

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