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

Multiple Choice Questions

1. 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) Platinum
(b) Silver
(c) Cash
(d) Gold

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

3. 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) Goldman Sachs
(b) JP Morgan
(c) Citigroup
(d) Merrill Lynch

4. Dick Fuld had been pressing what old friend and former Chairman of AIG to put money into Lehman Brothers in Chapter 6?
(a) Hank Greenberg
(b) Brian Moynihan
(c) Charlie Scharf
(d) Frank Zarb

5. John Thain went to Michael Bloomberg and proposed that Bloomberg buy back what percent of his company from the bank in Chapter 7?
(a) 35%
(b) 50%
(c) 10%
(d) 20%

6. In what year does the author state Long-Term Capital Management blew up in Chapter 5?
(a) 1995
(b) 1996
(c) 1998
(d) 1999

7. Who was the founder of the company that would become AIG?
(a) Cornelius Vander Starr
(b) Warren Buffett
(c) Jamie Dimon
(d) Michael Bloomberg

8. Jamie Dimon was the Chief Executive Officer of what banking and financial services holding company in 2008?
(a) Merrill Lynch
(b) JP Morgan
(c) Chemical Bank
(d) Wachovia

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

10. What reporter wrote the story about Lehman that he described in Chapter 6 as “the worst betrayal of my career”?
(a) Gerald Donini
(b) Susanne Craig
(c) Colm Kelleher
(d) David Einhorn

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

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

13. 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) John Thain
(b) David Faber
(c) Frank Zarb
(d) Skip McGee

14. Where was Hank Paulson born?
(a) Des Moines, IA
(b) Palm Beach, FL
(c) Billings, MT
(d) Knoxville, TN

15. John Thain is described in Chapter 7 as having worked for Henry Paulson at Goldman Sachs and then as CEO of what company?
(a) The International Monetary Fund
(b) Citigroup
(c) The New York Stock Exchange
(d) Berkshire Hathaway

Short Answer Questions

1. 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?

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

3. The hedge fund Peloton had been started by what former Goldman executive, according to the author in Chapter 5?

4. Bob Steel called which old friend at Barclays Bank in London to ask if Barclays might be interested in purchasing Lehman in Chapter 4?

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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