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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. Henry Paulson and his staff drafted a three-page bill that asked Congress for authority to spend how much money in Chapter 18?
(a) $700 billion
(b) $300 billion
(c) $1.2 trillion
(d) $2.5 trillion

2. 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

3. 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) Citigroup
(b) Wachovia
(c) Bank of America
(d) Northern Trust

4. Hank Paulson’s team of advisors in Chapter 12 included Tony Ryan, Jeremiah Norton, Jim Wilkinson, Jeb Mason, and whom?
(a) Frank Zarb
(b) Rick Lazio
(c) Bob Hoyt
(d) Kerrie Cohen

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

Short Answer Questions

1. What does FDIC stand for?

2. According to the author in Chapter 14, beneath the New York Federal Reserve Building lies a three-level vault that holds more than how much money’s worth of gold?

3. Who was described by the author in Chapter 14 as Bank of America’s President of Global Corporate and Investment Banking?

4. Chapter 18 opens with the author’s description of what date?

5. AIG was scheduled to report what losses in its second quarter in Chapter 11?

Short Essay Questions

1. What did Henry Paulson respond when solicited for help from Bob Diamond and Ken Lewis in Chapter 13?

2. What was the purpose of the meeting between the government officials and top CEOs in Chapter 14?

3. What negotiations took place in the scramble to save Lehman Brothers in Chapter 12?

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

5. What did Ben Bernanke and Henry Paulson present to Congress as their solution to the banking problems in Chapter 17?

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

7. What plan was announced by Henry Paulson and drafted into a bill in Chapter 18?

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

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

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

(see the answer keys)

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