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

Multiple Choice Questions

1. On what date does the author describe Bart McDade and Alex Kirk arriving in Dick Fuld’s office in the beginning of Chapter 13?
(a) November 14, 2008
(b) September 10, 2008
(c) July 28, 2008
(d) March 5, 2009

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

3. Regarding the problems at AIG, the plan that was finally put in place was for the government to take over 80% of AIG in exchange for a loan of how much?
(a) $25 billion
(b) $60 billion
(c) $150 billion
(d) $85 billion

4. Bob Steel was described as now being with what banking institution in Chapter 12?
(a) Wells Fargo
(b) Merrill Lynch
(c) Citigroup
(d) Wachovia

5. 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) Robert Scully
(b) Martin Sullivan
(c) Timothy Geithner
(d) Daniel A. Simkowitz

6. What analyze at Fox-Pitt Kelton is quoted in the New York Times in Chapter 13 as saying, “Some may worry that Treasury has taken on so much taxpayer burden they don’t have any remaining capacity to take on the burdens of Lehman”?
(a) Robert Scully
(b) Jeremiah Norton
(c) Andrew Gowers
(d) David Trone

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

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

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

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

11. What headline on the Wall Street Journal was nagging at John Mack in the beginning of Chapter 17?
(a) Buffett to Invest $5 Billion in Goldman
(b) Goldman Sachs Charged With Fraud
(c) Goldman, Morgan Now Stand Alone; Fight On or Fold?
(d) Morgan Stanley's Government Gig

12. What British heist movie does the author describe Dick Fuld and the Lehman team watching as they returned from Seoul in Chapter 11?
(a) Snatch
(b) Rififi
(c) Dog Day Afternoon
(d) The Bank Job

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

14. Where is Wells Fargo bank headquartered?
(a) Seattle, WA
(b) Phoenix, AZ
(c) Denver, CO
(d) San Francisco, CA

15. 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) David Einhorn
(b) Jim Bunning
(c) Michael Bloomberg
(d) Rick Lazio

Short Answer Questions

1. Who was described in Chapter 17 as “a thirty-eight-year-old governor at the Federal Reserve, whose office was a few doors down from Bernanke’s”?

2. Chapter 19 opens with the author’s description of what date?

3. Who was described as the “seasoned reporter” at CNBC in Chapter 12?

4. Jim Cracchiolo was described as the head of what institution in Chapter 17?

5. Morgan Stanley had entered into talks with whom from CIC in Chapter 18?

(see the answer keys)

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