View a FREE sample

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

Multiple Choice Questions

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

2. Chapter 18 opens with the author’s description of what date?
(a) October 3, 2008
(b) August 24, 2008
(c) September 19, 2008
(d) September 3, 2008

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

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

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

6. Henry Paulson and his staff drafted a three-page bill that asked Congress for authority to spend how much money in Chapter 18?
(a) $700 billion
(b) $1.2 trillion
(c) $2.5 trillion
(d) $300 billion

7. Who was described as the head of the FDIC in Chapter 12?
(a) Sheila Bair
(b) Jun Kwang-woo
(c) Erin Callan
(d) Marge Magner

8. According to the author in Chapter 14, after the meeting at the New York Federal Reserve Building, “the Morgan Stanley bankers had two related tasks: self-preservation and” what?
(a) Wealth accumulation
(b) Public relations
(c) Offshore investments
(d) Helping the Fed

9. 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) ShitCo
(b) SewageCo
(c) SpitCo
(d) SwampCo

10. 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) 1998
(c) 2001
(d) 1993

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

12. 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) John F. Rogers
(c) Eddie Lampert
(d) Bob Diamond

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

14. What is the address of the New York Federal Reserve Building?
(a) 13 Wealth Boulevard
(b) 1600 Pennsylvania Avenue
(c) 76 Justice Road
(d) 33 Liberty Street

15. 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?
(a) Greenlight Capital
(b) Barclays
(c) American International Group
(d) Chemical Bank

Short Answer Questions

1. 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?

2. 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?”

3. What British heist movie does the author describe Dick Fuld and the Lehman team watching as they returned from Seoul in Chapter 11?

4. Larry Fink was described in Chapter12 as being from what financial institution?

5. AIG was scheduled to report what losses in its second quarter in Chapter 11?

(see the answer keys)

This section contains 549 words (approx. 2 pages at 300 words per page) View a FREE sample