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

Multiple Choice Questions

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

2. 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

3. Who at JP Morgan was concerned about the deal between Bank of American and Merrill Lynch because he had hoped to someday make a deal with Bank of America himself in Chapter 15?
(a) John Mack
(b) Greg Curl
(c) Alex Kirk
(d) Tony Ryan

4. Jim Cracchiolo was described as the head of what institution in Chapter 17?
(a) Greenlight Capital
(b) Morgan Stanley
(c) Ameriprise
(d) Brysam Global Partners

5. Who was the Chief of Staff at Goldman Sachs in Chapter 9?
(a) John F. Rogers
(b) Martin Sullivan
(c) Jon Corzine
(d) Gerald Donini

Short Answer Questions

1. Timothy Geithner was the President of the Federal Reserve Bank of New York during what years?

2. Bob Willumstad had been asked by the board of AIG to replace whom as CEO in Chapter 8?

3. Where was Hank Paulson born?

4. According to the author in Chapter 14, after the meeting at the New York Federal Reserve Building, “the Morgan Stanley bankers had two related tasks: self-preservation and” what?

5. Henry Paulson told the bankers at the meeting at the Treasury building in Chapter 11 that they had three objectives. What were they?

(see the answer key)

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