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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 14-15.

Multiple Choice Questions

1. John Thain thought in Chapter 14 as he pulled up to the New York Federal Reserve Building that the last time he’d been there was during the rescue of Long-Term Capital Management in what year?
(a) 2005
(b) 2001
(c) 1993
(d) 1998

2. Bob Steel called which old friend at Barclays Bank in London to ask if Barclays might be interested in purchasing Lehman in Chapter 4?
(a) David Viniar
(b) Dan Alpert
(c) Vikram Pandit
(d) Bob Diamond

3. Dick Fuld had been pressing what old friend and former Chairman of AIG to put money into Lehman Brothers in Chapter 6?
(a) Frank Zarb
(b) Hank Greenberg
(c) Brian Moynihan
(d) Charlie Scharf

4. When did FAS 157 become effective?
(a) May 9, 2006
(b) August 1, 2004
(c) June 28, 2005
(d) November 15, 2007

5. In 2008, AIG had grown into one of the world’s largest financial companies, with more than how much worth of assets on its books?
(a) $800 billion
(b) $1 trillion
(c) $300 billion
(d) $450 billion

Short Answer Questions

1. Who was the Chief Financial Officer of Lehman Brothers that presented the earnings report for the first quarter of 2008?

2. In 2008, AIG had grown into one of the world’s largest financial companies, with a market value of just under how much?

3. Who was Bob Willumstad’s partner in starting a private-equity fund after he left Citigroup?

4. Who is described as Lehman Brothers’ spokesperson in Chapter 6?

5. Who was described as the Chief Financial Officer at Goldman Sachs in Chapter 9?

(see the answer key)

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