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

Multiple Choice Questions

1. During the meeting of the top bankers at the New York Federal Reserve Building in Chapter 14, the bankers quickly renamed the company called SpinCo as what?
(a) SwampCo
(b) SpitCo
(c) ShitCo
(d) SewageCo

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

3. What is the common name for the Federal Home Loan Mortgage Corporation?
(a) Morgan Stanley
(b) Freddie Mac
(c) Peloton
(d) Ameriprise

4. 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) David Goldfarb
(b) Jim Cramer
(c) David Einhorn
(d) Timothy Geithner

5. Who did Dick Fuld contact at the Federal Reserve about Lehman Brothers possibly becoming a bank company in Chapter 10?
(a) Bob Hoyt
(b) Timothy Geithner
(c) Barry Zubrow
(d) Rick Lazio

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

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

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

9. Morgan Stanley had entered into talks with whom from CIC in Chapter 18?
(a) Jean-Claude Trichet
(b) Gao Xiqing
(c) Min Euoo Song
(d) Jun Kwang-woo

10. 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) Rick Waddell
(b) John Mack
(c) Jim Cracchiolo
(d) Colm Kelleher

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

12. 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) 2005
(b) 1993
(c) 2001
(d) 1998

13. What banker from Citigroup asked during the meeting of the top bankers at the New York Federal Reserve Building in Chapter 14, “I assume we are going to talk about AIG?”
(a) Charlie Scharf
(b) Larry Fink
(c) Vikram Pandit
(d) Greg Fleming

14. What does CIC stand for?
(a) China Investment Corporation
(b) Chinese Infrastructure Coalition
(c) Capitol Intelligence Company
(d) Cash Inflow Coalition

15. Mitsubishi agreed to an investment of how much in Morgan Stanley in Chapter 18?
(a) $9 billion
(b) $3 billion
(c) $34 billion
(d) $17 billion

Short Answer Questions

1. Lloyd Blankfein was waiting to make a speech in Chapter 14 that discussed Goldman Sachs’ nonprofit program that fostered business and management education for whom?

2. What does FDIC stand for?

3. Who was described as the “seasoned reporter” at CNBC in Chapter 12?

4. Who was the new CFO of JP Morgan in Chapter 12?

5. After much analysis, it was determined that after putting up all of its available assets for a short term loan, AIG would still be short by how much in Chapter 16?

(see the answer keys)

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