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

Multiple Choice Questions

1. John Thain thought in Chapter 14 as he pulled up to the New York Federal Reserve Building that the last time he’d been there was during the rescue of Long-Term Capital Management in what year?
(a) 2001
(b) 2005
(c) 1993
(d) 1998

2. What critic for Architecture Magazine, wrote of the New York Federal Reserve Building in 1927 that the three-year-old building had “a quality which, for lack of a better word, I can best describe as epic”?
(a) Margaret Law
(b) Gao Xiqing
(c) Vikram Pandit
(d) Jean-Claude Trichet

3. Morgan Stanley had entered into talks with whom from CIC in Chapter 18?
(a) Jean-Claude Trichet
(b) Min Euoo Song
(c) Jun Kwang-woo
(d) Gao Xiqing

4. Who is described in Chapter 11 as the Co-President at Morgan Stanley and the man who had worked on the government’s bailout of Chrysler nearly three decades earlier?
(a) Martin Sullivan
(b) Timothy Geithner
(c) Daniel A. Simkowitz
(d) Robert Scully

5. Jim Cracchiolo was described as the head of what institution in Chapter 17?
(a) Greenlight Capital
(b) Ameriprise
(c) Brysam Global Partners
(d) Morgan Stanley

6. John Mack at Morgan Stanley knew that his company had to find an investment partner to stay alive in Chapter 18. They had been looking at the books of what banking institution but were not enthusiastic about what they found?
(a) Northern Trust
(b) Bank of America
(c) Wachovia
(d) Citigroup

7. Henry Paulson cut his meeting short with the bankers in Chapter 11 because he was going with his family to attend the Olympic Games where?
(a) Beijing
(b) Atlanta
(c) London
(d) Vancouver

8. Who was described as the President of Merrill Lynch in Chapter 13?
(a) Dan Alpert
(b) Edward Liddy
(c) Greg Fleming
(d) Martin Sullivan

9. Chapter 15 begins with the author’s description of the combined efforts to save Lehman Brothers beginning on what date?
(a) October 8, 2008
(b) August 26, 2008
(c) December 13, 2008
(d) September 14, 2008

10. According to the author in Chapter 12, “Internally, JP Morgan’s operating committee trips to Washington were jokingly referred to as” what?
(a) OC/BC
(b) MC/OC
(c) AC/OC
(d) OC/DC

11. Who was described as the Managing Director of Westwood Capital LLC in Chapter 11?
(a) Dan Alpert
(b) Dick Fuld
(c) David Einhorn
(d) David Goldfarb

12. What is the common name for the Federal Home Loan Mortgage Corporation?
(a) Peloton
(b) Ameriprise
(c) Freddie Mac
(d) Morgan Stanley

13. With whom did Dick Fuld meet along with the board of Morgan Stanley in order to find a lifeline for Lehman Brothers in Chapter 10?
(a) John Mack
(b) Rick Waddell
(c) Jim Cracchiolo
(d) Colm Kelleher

14. After the weekend of meetings of the top bankers and the Fed, they were told that no solution had been found and that the government strongly urged Lehman Brothers to do what in Chapter 15?
(a) Accept a government loan
(b) Liquidate its assets
(c) Merge with another bank
(d) File for bankruptcy

15. According to the author in Chapter 15, what banking institution was still interested in the broker-dealer part of Lehman, and everyone thought a deal was all but completed until they heard news otherwise?
(a) American International Group
(b) Chemical Bank
(c) Barclays
(d) Greenlight Capital

Short Answer Questions

1. What does KDB stand for?

2. Henry Paulson told the bankers at the meeting at the Treasury building in Chapter 11 that they had three objectives. What were they?

3. Mitsubishi agreed to an investment of how much in Morgan Stanley in Chapter 18?

4. Who was the head of JP Morgan’s Consumer Business department, according to the author in Chapter 12?

5. After much analysis, it was determined that after putting up all of its available assets for a short term loan, AIG would still be short by how much in Chapter 16?

(see the answer keys)

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