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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

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

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

3. AIG was scheduled to report what losses in its second quarter in Chapter 11?
(a) $1.6 billion
(b) $4.2 billion
(c) $5.3 billion
(d) $2.8 billion

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

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

Short Answer Questions

1. What headline on the Wall Street Journal was nagging at John Mack in the beginning of Chapter 17?

2. What is the common name for the Federal National Mortgage Association?

3. When did Bob Willumstad accept the position of CEO of AIG?

4. Who was described as the head of Bank of New York Mellon in Chapter 17?

5. Henry Paulson and his staff drafted a three-page bill that asked Congress for authority to spend how much money in Chapter 18?

Short Essay Questions

1. What led to the cease of negotiations between Lehman and its potential investor in Chapter 11?

2. What was the outcome after the bailout of AIG, according to the author in Chapter 17?

3. What did Henry Paulson decide to do when Fannie Mae and Freddie Mac continued to deteriorate in Chapter 11?

4. What did Dick Fuld learn about the outcome of the governmental/CEO meeting in Chapter 15?

5. How did Greg Fleming respond when he heard that Bank of America was considering buying Lehman Brothers in Chapter 13?

6. What were the conclusions that were found by the CEOs in Chapter 16? How did they report this news to Geithner?

7. With whom were Lehman Brothers in negotiations with in Chapter 11? Who led the negotiations?

8. How did John Mack respond to the announcement by Henry Paulson in Chapter 18?

9. What was discussed in the meeting between Dick Fuld and Timothy Geithner in Chapter 10?

10. What was the purpose of the meeting that Tim Geithner called in Chapter 16? Who was called to this meeting?

(see the answer keys)

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