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

Multiple Choice Questions

1. 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?
(a) $29 billion
(b) $14 billion
(c) $5 billion
(d) $18 billion

2. Who nominated Hank Paulson to his post in the federal cabinet?
(a) Barack Obama
(b) Bill Clinton
(c) Dick Cheney
(d) George W. Bush

3. What was the Chairman of the Board of AIG’s outside law firm in Chapter 8?
(a) Stephens, Jones, and Thompson
(b) Michaels, Frederick & Williams
(c) Simpson Thacher & Bartlett
(d) Richards, Abbot & James

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

5. According to the author in Chapter 5, Dick Fuld “said that he had become convinced that two of the nation’s most powerful financiers were largely responsible for both the short raid and rumor mongering.” Who were these financiers?
(a) David Goldfarb and Scott Friedheim
(b) Steven A. Cohen and Kenneth C. Griffin
(c) Dan Alpert and Bart McDade
(d) Lloyd Blankfein and Andrew Gowers

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

7. How much was oil going for per barrel according to the author in Chapter 9?
(a) $85.
(b) $98
(c) $163
(d) $140

8. The hedge fund Peloton had been started by what former Goldman executive, according to the author in Chapter 5?
(a) David Goldfarb
(b) Bob Steel
(c) Frank Zarb
(d) Ron Beller

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

10. Jim Cramer was a popular television celebrity with an influential financial program on what network, according to the author in Chapter 5?
(a) ABC
(b) CNBC
(c) CNN
(d) FOX

11. With what country had Dick Fuld been working for a month to secure capital for Lehman in Chapter 6?
(a) China
(b) Vietnam
(c) Japan
(d) South Korea

12. Hank Paulson and his staff prepared a secret plan for how to deal with the situation should Lehman or another large firm go bankrupt, or if several banks should begin to fail at once. Who did they present their plan to in a meeting described by Sorkin in Chapter 4?
(a) Daniel A. Simkowitz
(b) Ben Bernanke
(c) Michael Bloomberg
(d) Jim Cramer

13. Who was the head of communications at Lehman Brothers in Chapter 6?
(a) Tony Ryan
(b) Michael Cavanaugh
(c) Jeremiah Norton
(d) Andrew Gowers

14. From which hedge fund mogul had Scott Friedheim recently bought a black GMC Denali outfitted with internet access and a chauffeur in Chapter 6?
(a) Michael Bloomberg
(b) Eddie Lampert
(c) David Einhorn
(d) Cornelius Vander Starr

15. Where was Dick Fuld born?
(a) New Orleans, LA
(b) Chicago, IL
(c) New York, NY
(d) Dallas, TX

Short Answer Questions

1. 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?

2. 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?

3. Where was Dick Fuld visiting when he received an urgent call from Henry Paulson regarding the collapse of the fifth largest investment bank in the U.S., according to the author in Chapter 1?

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

5. After leaving Citigroup, Bob Willumstad went on to start what private-equity fund?

(see the answer keys)

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