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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 16-17.

Multiple Choice Questions

1. In what year does the author state Long-Term Capital Management blew up in Chapter 5?
(a) 1995
(b) 1999
(c) 1998
(d) 1996

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

3. As part of the plan for dealing with AIG’s problems, Bob Willumstad would be replaced as CEO of AIG by who, according to the author in Chapter 16?
(a) Robert Scully
(b) Ed Liddy
(c) Lewis Glucksman
(d) Eliot Spitzer

4. Hank Paulson and his staff prepared a secret plan for how to deal with the situation in Chapter 4. Their plan proposed that should the banks fail, the Treasury Department would purchase up to how many of the bad assets of the banks in order to stabilize the market?
(a) $200 billion
(b) $300 billion
(c) $100 billion
(d) $500 billion

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

Short Answer Questions

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

2. 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?

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?

4. Who did Dick Fuld contact at the Federal Reserve about Lehman Brothers possibly becoming a bank company in Chapter 10?

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

(see the answer key)

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