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

Multiple Choice Questions

1. What was Dick Fuld nicknamed on Wall Street for his competitive nature?
(a) Shark
(b) Gorilla
(c) Bear
(d) Hyena

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

3. By what nickname is Warren Buffett known in the financial world?
(a) The Wizard of Omaha
(b) Rich Uncle Pennybags
(c) The Wealth Extractor
(d) The Money Machine

4. Who did Bob Willumstad refer to as the former Chairman at AIG that thought Willumstad’s position was all or nothing in Chapter 8?
(a) Frank Zarb
(b) Skip McGee
(c) David Faber
(d) John Thain

5. What title did Hank Paulson hold in 2008?
(a) United States Secretary of the Interior
(b) United States Secretary of the Treasury
(c) United States Secretary of Education
(d) United States Secretary of State

6. With all eyes on Lehman after the Bear collapse, Hank Paulson suggested to Dick Fuld that it would be a good idea for Lehman to increase its holdings of what to shore up confidence in the bank?
(a) Gold
(b) Silver
(c) Platinum
(d) Cash

7. Jamie Dimon told Hank Paulson that JP Morgan had upped its offer from $2 per share to what in Chapter 2?
(a) $9 per share
(b) $4 per share
(c) $16 per share
(d) $10 per share

8. Who was the Chairman of the Federal Reserve in 2008?
(a) Ben Bernanke
(b) Jim Bunning
(c) Jon Corzine
(d) Michael Bloomberg

9. In 2008, AIG had grown into one of the world’s largest financial companies, with a market value of just under how much?
(a) $35 billon
(b) $125 billion
(c) $80 billion
(d) $50 billion

10. After leaving Citigroup, Bob Willumstad went on to start what private-equity fund?
(a) Lehman Brothers
(b) Brysam Global Partners
(c) Westwood Capital LLC
(d) Wells Fargo

11. On what date did Lehman Brothers release its earnings report for the first quarter of 2008?
(a) March 18, 2008
(b) June 22, 2008
(c) April 1, 2009
(d) February 6, 2008

12. When was Warren Buffett born?
(a) 1918
(b) 1941
(c) 1925
(d) 1930

13. Where was the hedge fund Peloton based?
(a) Chicago
(b) London
(c) Paris
(d) New York

14. Where did Hank Paulson earn his B.A. in English?
(a) Harvard University
(b) Yale University
(c) Stanford University
(d) Dartmouth College

15. 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) January 25, 2008
(b) June 4, 2008
(c) July 8, 2007
(d) February 17, 2007

Short Answer Questions

1. John Thain was described as the CEO of which investment banking and wealth management firm in Chapter 7?

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

3. Where was Hank Paulson born?

4. In what year was Bob Willumstad outmaneuvered by Sandy Weill from Citigroup, according to the author in Chapter 8?

5. Dick Fuld had been pressing what old friend and former Chairman of AIG to put money into Lehman Brothers in Chapter 6?

(see the answer keys)

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