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

Multiple Choice Questions

1. Who was Bob Willumstad’s partner in starting a private-equity fund after he left Citigroup?
(a) Marge Magner
(b) Scott Friedheim
(c) Gerald Donini
(d) Sandy Weill

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

3. David Einhorn was the founder and president of what hedge fund?
(a) Brysam Global Partners
(b) Greenlight Capital
(c) Citigroup
(d) Westwood Capital LLC

4. According to the author in Chapter 1, Henry Paulson called and informed Dick Fuld that Bear Stearns collapsed and would be bought by what investment company?
(a) JP Morgan
(b) Merrill Lynch
(c) Citigroup
(d) Goldman Sachs

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

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

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

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

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

10. In what year was Bob Willumstad outmaneuvered by Sandy Weill from Citigroup, according to the author in Chapter 8?
(a) 2000
(b) 2005
(c) 1998
(d) 2003

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

12. Bob Willumstad had been asked by the board of AIG to replace whom as CEO in Chapter 8?
(a) Martin Sullivan
(b) Eddie Lampert
(c) Tony Ryan
(d) David Einhorn

13. Who did Hank Paulson succeed as Chief Executive of Goldman Sachs?
(a) David Einhorn
(b) Gerald Donini
(c) Jamie Dimon
(d) Jon Corzine

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

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

Short Answer Questions

1. Jim Cramer was a popular television celebrity with an influential financial program on what network, according to the author in Chapter 5?

2. Who did Bob Willumstad refer to as the former Chairman at AIG that thought Willumstad’s position was all or nothing in Chapter 8?

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. With what country had Dick Fuld been working for a month to secure capital for Lehman in Chapter 6?

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

(see the answer keys)

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