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

Multiple Choice Questions

1. What giant money market fund had “broken the buck a day earlier” in Chapter 17?
(a) Reserve Primary Fund
(b) Westwood Capital LLC
(c) China Investment Corporation
(d) The International Monetary Fund

2. Lloyd Blankfein had assembled a meeting of the board of Goldman Sachs where in Chapter 9?
(a) Moscow
(b) London
(c) Denver
(d) Ottawa

3. After the weekend of meetings of the top bankers and the Fed, they were told that no solution had been found and that the government strongly urged Lehman Brothers to do what in Chapter 15?
(a) File for bankruptcy
(b) Liquidate its assets
(c) Accept a government loan
(d) Merge with another bank

4. According to the author in Chapter 12, “Internally, JP Morgan’s operating committee trips to Washington were jokingly referred to as” what?
(a) OC/BC
(b) AC/OC
(c) OC/DC
(d) MC/OC

5. What was referred to as “the good bank-bad bank plan” that McDade was thinking of announcing in Chapter 12?
(a) The TARP plan
(b) The derivatives plan
(c) The SupCo plan
(d) The SpinCo plan

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. On what morning does the author describe Jamie Dimon awakening after an emergency meeting at the Federal Reserve Bank of New York with a dozen of his rival Wall Street CEOs in the beginning of the Prologue?

3. What title did Hank Paulson hold in 2008?

4. Who is described in Chapter 12 as the Chairman of the Financial Services Commission in Korea?

5. David Einhorn was the founder and president of what hedge fund?

(see the answer key)

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