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

Multiple Choice Questions

1. Larry Fink was described in Chapter12 as being from what financial institution?
(a) BlackRock
(b) Bank of America
(c) Barclays
(d) Berkshire Hathaway

2. Who did Dick Fuld contact at the Federal Reserve about Lehman Brothers possibly becoming a bank company in Chapter 10?
(a) Barry Zubrow
(b) Timothy Geithner
(c) Rick Lazio
(d) Bob Hoyt

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

4. Who was described as the head of Bank of New York Mellon in Chapter 17?
(a) Bob Kelly
(b) Gerald Donini
(c) David Einhorn
(d) Joe Gregory

5. When did Bob Willumstad accept the position of CEO of AIG?
(a) August, 2006
(b) November, 2005
(c) March, 2007
(d) June, 2008

6. Chapter 18 opens with the author’s description of what date?
(a) September 19, 2008
(b) September 3, 2008
(c) August 24, 2008
(d) October 3, 2008

7. Who was the head of JP Morgan’s Consumer Business department, according to the author in Chapter 12?
(a) Charlie Scharf
(b) Scott Friedheim
(c) David Einhorn
(d) Hank Greenberg

8. 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) Rick Waddell
(b) Jim Cracchiolo
(c) Colm Kelleher
(d) John Mack

9. Who did Dick Fuld ask to put in a word with the Korean bank for Lehman Brothers in Chapter 10?
(a) David Faber
(b) Hank Paulson
(c) Jim Wilkinson
(d) Greg Fleming

10. What giant money market fund had “broken the buck a day earlier” in Chapter 17?
(a) China Investment Corporation
(b) The International Monetary Fund
(c) Reserve Primary Fund
(d) Westwood Capital LLC

11. Who complained to Henry Paulson that short sellers were spreading false rumors to drive the panic after the government’s intervention with AIG in Chapter 17?
(a) John Mack
(b) Sandy Weill
(c) Martin Sullivan
(d) Marge Magner

12. Henry Paulson told the bankers at the meeting at the Treasury building in Chapter 11 that they had three objectives. What were they?
(a) Wealth security, public opinion, and legal loopholes
(b) Market stability, mortgage availability, and taxpayer protection
(c) Stock values, interest rates, and new legislation
(d) Public opinion, taxpayer protection, and interest rates

13. Who is described in Chapter 12 as “a former Republican representative from New York, whom Dimon had hired as executive vice president of global government relations and public policy”?
(a) Jim Bunning
(b) Michael Bloomberg
(c) David Einhorn
(d) Rick Lazio

14. Who did Jamie Dimon take with him to meet with Ben Bernanke in Chapter 12?
(a) Michael Bloomberg
(b) David Viniar
(c) Barry Zubrow
(d) Martin Sullivan

15. As the top bankers made their way home after the weekend of trying to solve the Lehman Brothers problem, they were called back to the Treasury for another emergency meeting involving what institution?
(a) AIG
(b) JP Morgan
(c) Morgan Stanley
(d) Goldman Sachs

Short Answer Questions

1. Who was described as the Managing Director of Westwood Capital LLC in Chapter 11?

2. According to the author in Chapter 14, after the meeting at the New York Federal Reserve Building, “the Morgan Stanley bankers had two related tasks: self-preservation and” what?

3. Who did Lloyd Blankfein make a call to in order to solicit investment in Goldman Sachs in Chapter 19?

4. On what date does the author describe Bart McDade and Alex Kirk arriving in Dick Fuld’s office in the beginning of Chapter 13?

5. Who was described as the President of Merrill Lynch in Chapter 13?

(see the answer keys)

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