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

Multiple Choice Questions

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

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

3. What word from Chapter 5 derives from German and describes an all-motorized force concentration of tanks, infantry, artillery, combat engineers and air power?
(a) Blitzkrieg
(b) Kamikaze
(c) Assassination
(d) Shock-and-awe

4. In 2008, AIG had grown into one of the world’s largest financial companies, with more than how much worth of assets on its books?
(a) $800 billion
(b) $450 billion
(c) $1 trillion
(d) $300 billion

5. According to the author in Chapter 3, Bob Steel knew he would face scrutiny from which U.S. senator who opposed government intervention in the markets?
(a) Senator Lisa Murkowski
(b) Senator Jay Rockefeller
(c) Senator Daniel Akaka
(d) Senator Jim Bunning

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

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

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

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

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

11. 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?
(a) China
(b) India
(c) Iceland
(d) England

12. Dick Fuld and who called Warren Buffett to ask him to consider investing in Lehman Brothers, according to the author in Chapter 2?
(a) Kerrie Cohen
(b) Cornelius Vander Starr
(c) Erin Callan
(d) Bob Diamond

13. Dick Fuld was the CEO of what global financial services firm in March, 2008?
(a) Lehman Brothers
(b) JP Morgan
(c) Wells Fargo
(d) Greenlight Capital

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

15. According to the author in Chapter 5, Jim Cramer, a media star, was solidly Harvard and counted as one of his best friends which individual called “the bane of Wall Street”?
(a) Eliot Spitzer
(b) Kevin Warsh
(c) Ron Beller
(d) Jim Cracchiolo

Short Answer Questions

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

2. Who was the founder of the company that would become AIG?

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

4. According to the author in Chapter 5, David Einhorn was a hedge manager controlling over how much money in assets?

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

(see the answer keys)

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