View a FREE sample

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

Multiple Choice Questions

1. Bob Steel was described as now being with what banking institution in Chapter 12?
(a) Wells Fargo
(b) Citigroup
(c) Wachovia
(d) Merrill Lynch

2. Henry Paulson announced his plan to stop the market panic in Chapter 18. This plan was called TARP, which stands for what?
(a) Troubled Asset Relief Program
(b) Technology Advancement Reward Program
(c) Terminal Asset Reduction Philosophy
(d) Taxable Asset Recuperation Program

3. 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) $697 million
(b) $461 million
(c) $558 million
(d) $821 million

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

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

6. Chapter 15 begins with the author’s description of the combined efforts to save Lehman Brothers beginning on what date?
(a) October 8, 2008
(b) September 14, 2008
(c) August 26, 2008
(d) December 13, 2008

7. As the top bankers made their way home after the weekend of trying to solve the Lehman Brothers problem, they were called back to the Treasury for another emergency meeting involving what institution?
(a) Morgan Stanley
(b) Goldman Sachs
(c) AIG
(d) JP Morgan

8. Larry Fink was described in Chapter12 as being from what financial institution?
(a) Berkshire Hathaway
(b) BlackRock
(c) Barclays
(d) Bank of America

9. Chapter 19 opens with the author’s description of what date?
(a) September 22, 2008
(b) October 2, 2008
(c) October 11, 2008
(d) August 29, 2008

10. Who was described as the “seasoned reporter” at CNBC in Chapter 12?
(a) David Faber
(b) Frank Zarb
(c) Charlie Scharf
(d) Michael Cavanaugh

11. What does KDB stand for?
(a) Kenneth Davis Bank
(b) Kellogg Dynasty Bank
(c) Krakow Derivatives Bank
(d) Korea Development Bank

12. Who was described as the Managing Director of Westwood Capital LLC in Chapter 11?
(a) David Goldfarb
(b) Dan Alpert
(c) Dick Fuld
(d) David Einhorn

13. Where is Wells Fargo bank headquartered?
(a) Seattle, WA
(b) Phoenix, AZ
(c) Denver, CO
(d) San Francisco, CA

14. John Thain thought in Chapter 14 as he pulled up to the New York Federal Reserve Building that the last time he’d been there was during the rescue of Long-Term Capital Management in what year?
(a) 2001
(b) 2005
(c) 1993
(d) 1998

15. Who did Dick Fuld ask to put in a word with the Korean bank for Lehman Brothers in Chapter 10?
(a) Greg Fleming
(b) Jim Wilkinson
(c) Hank Paulson
(d) David Faber

Short Answer Questions

1. According to the author in Chapter 12, “Internally, JP Morgan’s operating committee trips to Washington were jokingly referred to as” what?

2. Who is described in Chapter 11 as the Co-President at Morgan Stanley and the man who had worked on the government’s bailout of Chrysler nearly three decades earlier?

3. According to the author in Chapter 14, beneath the New York Federal Reserve Building lies a three-level vault that holds more than how much money’s worth of gold?

4. At the end of Chapter 13, AIG went to Jamie Dimon of what banking institution with an urgent call for help?

5. What is the common name for the Federal National Mortgage Association?

(see the answer keys)

This section contains 510 words (approx. 2 pages at 300 words per page) View a FREE sample