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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. AIG began with what name in a small office in Shanghai in 1919?
(a) Asian-American Investment Partnership
(b) Pacific Ring Investments
(c) American Asiatic Underwriters
(d) Asian Underwriters Union

2. According to the author in Chapter 1, Henry Paulson called and informed Dick Fuld that Bear Stearns collapsed and that the U.S. Treasury had taken the step of backing how much in Bear Stearns assets to restore confidence in the market?
(a) $15 billion
(b) $2 billion
(c) $8 billion
(d) $30 billion

3. In the mid-1980s, Bob Willumstad was rising through the executive ranks of what financial corporation?
(a) Barclays
(b) Northern Trust
(c) Westwood Capital LLC
(d) Chemical Bank

4. Bob Willumstad was a third-generation son of immigrants from where?
(a) Germany
(b) Poland
(c) Iceland
(d) Norway

5. How old was Scott Friedheim described by the author in Chapter 6?
(a) 42
(b) 36
(c) 29
(d) 53

6. On what date does the author describe Dick Fuld holding a copy of the Wall Street Journal with an article on page C1 that was deemed by him “the worst betrayal of my career” in Chapter 6?
(a) February 17, 2007
(b) July 8, 2007
(c) June 4, 2008
(d) January 25, 2008

7. Where did Dick Fuld receive his B.A. and B.S. in 1969?
(a) The University of Idaho at Boise
(b) The University of Washington at Tacoma
(c) The University of Colorado at Boulder
(d) The University of Arizona at Flagstaff

8. On what date did Lloyd Blankfein arrive in the city where the Goldman Sachs board meeting was to take place in Chapter 9?
(a) November 16, 2008
(b) October 21, 2007
(c) March 4, 2007
(d) June 27, 2008

9. According to the author in Chapter 6, Scott Friedheim was an executive in whose mold?
(a) Arnold Swarzanegger’s
(b) Ben Bernanke’s
(c) Warren Buffett’s
(d) Joe Gregory’s

10. 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?
(a) September 13, 2008
(b) January 5, 2010
(c) June 2, 2009
(d) April 19, 2007

11. By what name is the regulation that “had been introduced by the Securities and Exchange Commission in 1938 to prevent investors from continually shorting a stock that was falling” called?
(a) The cutback rule
(b) The salvation rule
(c) The downdraft rule
(d) The uptick rule

12. What was the largest and most prestigious investment bank in the nation that Jamie Dimon advised his staff could possibly file bankruptcy in the Prologue?
(a) Barclays
(b) Wachovia
(c) Wells Fargo
(d) Goldman Sachs

13. Who did Dick Fuld choose as his right-hand-man when he became CEO of a leading global financial services firm?
(a) Edward Liddy
(b) Joe Gregory
(c) Bob Kelly
(d) David Trone

14. Hank Paulson joined Goldman Sachs covering large industrial companies in the Midwest in what year?
(a) 1967
(b) 1974
(c) 1971
(d) 1980

15. What does AIG stand for?
(a) Anonymous Investors Group
(b) Apex Investments Guild
(c) American Investors Guild
(d) American International Group

Short Answer Questions

1. What refers to a security interest in real property held by a lender as a security for a debt?

2. From which hedge fund mogul had Scott Friedheim recently bought a black GMC Denali outfitted with internet access and a chauffeur in Chapter 6?

3. Who was Dick Fuld’s mentor at the global financial services firm where he began working and later led the company for much of his career?

4. Who did Scott Friedheim believe to be responsible for the leak to the Wall Street Journal in Chapter 6?

5. According to the author in Chapter 3, Geithner kept Jamie Dimon from abandoning the negotiations with Bear Stearns by working out a deal where the Federal Reserve lent money to Bear Stearns through JP Morgan, guaranteeing Morgan against how much in losses?

(see the answer keys)

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