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

Multiple Choice Questions

1. 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) David Einhorn
(c) Timothy Geithner
(d) Jim Cramer

2. Who did Jamie Dimon take with him to meet with Ben Bernanke in Chapter 12?
(a) Martin Sullivan
(b) David Viniar
(c) Barry Zubrow
(d) Michael Bloomberg

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

4. 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 Communist
(d) A Libertarian

5. 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) Alex Kirk
(b) Greg Curl
(c) John Mack
(d) Tony Ryan

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

7. Regarding the problems at AIG, the plan that was finally put in place was for the government to take over 80% of AIG in exchange for a loan of how much?
(a) $25 billion
(b) $150 billion
(c) $85 billion
(d) $60 billion

8. 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?
(a) Minorities
(b) Children
(c) Women
(d) The elderly

9. Who in Chapter 17 was the President of the European Central Bank that had been furious with the decision to “let Lehman fail”?
(a) Jim Bunning
(b) Jean-Claude Trichet
(c) Anthony Ryan
(d) Cornelius Vander Starr

10. What analyze at Fox-Pitt Kelton is quoted in the New York Times in Chapter 13 as saying, “Some may worry that Treasury has taken on so much taxpayer burden they don’t have any remaining capacity to take on the burdens of Lehman”?
(a) David Trone
(b) Andrew Gowers
(c) Robert Scully
(d) Jeremiah Norton

11. Lloyd Blankfein was waiting to make a speech at what annual conference in the beginning of Chapter 14?
(a) The Service Nation Summit
(b) The Financial Services Marketing Symposium
(c) The Underbanked Financial Services Symposium
(d) The Mobile Banking and Commerce Summit

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

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

14. Who is described in Chapter 12 as “a former Republican representative from New York, whom Dimon had hired as executive vice president of global government relations and public policy”?
(a) Michael Bloomberg
(b) David Einhorn
(c) Rick Lazio
(d) Jim Bunning

15. What is the common name for the Federal National Mortgage Association?
(a) Ameriprise
(b) Fannie Mae
(c) Reserve Primary Fund
(d) Wachovia

Short Answer Questions

1. 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?

2. Who was described as the President of Merrill Lynch in Chapter 13?

3. Mitsubishi is a group of companies based in what country?

4. According to the author in Chapter 15, what banking institution was still interested in the broker-dealer part of Lehman, and everyone thought a deal was all but completed until they heard news otherwise?

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

(see the answer keys)

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