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

Multiple Choice Questions

1. Who was described by the author in Chapter 14 as Bank of America’s President of Global Corporate and Investment Banking?
(a) Eddie Lampert
(b) John F. Rogers
(c) Brian Moynihan
(d) Bob Diamond

2. Henry Paulson cut his meeting short with the bankers in Chapter 11 because he was going with his family to attend the Olympic Games where?
(a) London
(b) Beijing
(c) Atlanta
(d) Vancouver

3. What giant money market fund had “broken the buck a day earlier” in Chapter 17?
(a) Reserve Primary Fund
(b) Westwood Capital LLC
(c) The International Monetary Fund
(d) China Investment Corporation

4. When did Bob Willumstad accept the position of CEO of AIG?
(a) June, 2008
(b) March, 2007
(c) August, 2006
(d) November, 2005

5. Who is described in Chapter 12 as the Chairman of the Financial Services Commission in Korea?
(a) Gao Xiqing
(b) Vikram Pandit
(c) Min Euoo Song
(d) Jun Kwang-woo

6. Who was the Chief Financial Officer of Morgan Stanley in Chapter 14?
(a) John Mack
(b) Anthony Ryan
(c) Vikram Pandit
(d) Colm Kelleher

7. Who at JP Morgan was concerned about the deal between Bank of American and Merrill Lynch because he had hoped to someday make a deal with Bank of America himself in Chapter 15?
(a) Tony Ryan
(b) Greg Curl
(c) Alex Kirk
(d) John Mack

8. Who was the head of JP Morgan’s Consumer Business department, according to the author in Chapter 12?
(a) David Einhorn
(b) Scott Friedheim
(c) Charlie Scharf
(d) Hank Greenberg

9. Who was the Assistant Secretary for Financial Markets of the Treasury in Chapter 11?
(a) Ron Beller
(b) Anthony Ryan
(c) Lloyd Blankfein
(d) Bob Steel

10. Senator Jim Bunning, who had sparred with Paulson over the summer, had gone so far as to call Hank Paulson what, according to the author in Chapter 12?
(a) A Capitalist
(b) A Socialist
(c) A Libertarian
(d) A Communist

11. Freddie Mac had a reported loss of how much in the morning when Henry Paulson met with the top bankers at the Treasury building in Chapter 11?
(a) $821 million
(b) $558 million
(c) $461 million
(d) $697 million

12. According to the author in Chapter 12, “Internally, JP Morgan’s operating committee trips to Washington were jokingly referred to as” what?
(a) AC/OC
(b) OC/DC
(c) MC/OC
(d) OC/BC

13. In Chapter 16, who called JP Morgan and Goldman Sachs to come meet with the other Wall Street leaders to look at a solution for the AIG problem?
(a) Timothy Geithner
(b) David Einhorn
(c) David Goldfarb
(d) Jim Cramer

14. With whom did Dick Fuld meet along with the board of Morgan Stanley in order to find a lifeline for Lehman Brothers in Chapter 10?
(a) Jim Cracchiolo
(b) Rick Waddell
(c) John Mack
(d) Colm Kelleher

15. Who was described as the head of Northern Trust in Chapter 17?
(a) Rick Waddell
(b) Skip McGee
(c) John Thain
(d) Charlie Scharf

Short Answer Questions

1. After the weekend of meetings of the top bankers and the Fed, they were told that no solution had been found and that the government strongly urged Lehman Brothers to do what in Chapter 15?

2. Who complained to Henry Paulson that short sellers were spreading false rumors to drive the panic after the government’s intervention with AIG in Chapter 17?

3. What does CIC stand for?

4. Lloyd Blankfein was waiting to make a keynote address following whose speech in Chapter 14?

5. Henry Paulson told the bankers at the meeting at the Treasury building in Chapter 11 that they had three objectives. What were they?

(see the answer keys)

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