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

Multiple Choice Questions

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

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

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?
(a) $10 billion
(b) $100 billion
(c) $30 billion
(d) $60 billion

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

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) Jean-Claude Trichet
(c) Jim Bunning
(d) Anthony Ryan

6. 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) Andrew Gowers
(b) Robert Scully
(c) David Trone
(d) Jeremiah Norton

7. At the end of Chapter 13, AIG went to Jamie Dimon of what banking institution with an urgent call for help?
(a) JP Morgan
(b) Berkshire Hathaway
(c) Morgan Stanley
(d) Merrill Lynch

8. What British heist movie does the author describe Dick Fuld and the Lehman team watching as they returned from Seoul in Chapter 11?
(a) Snatch
(b) Rififi
(c) The Bank Job
(d) Dog Day Afternoon

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

10. What was referred to as “the good bank-bad bank plan” that McDade was thinking of announcing in Chapter 12?
(a) The derivatives plan
(b) The TARP plan
(c) The SpinCo plan
(d) The SupCo plan

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

12. What does FDIC stand for?
(a) Federal Denomination Investment Clause
(b) Financial Deposit Insurance Company
(c) Federal Deposit Insurance Corporation
(d) Fiscal Depreciation Investment Corporation

13. What headline on the Wall Street Journal was nagging at John Mack in the beginning of Chapter 17?
(a) Goldman, Morgan Now Stand Alone; Fight On or Fold?
(b) Morgan Stanley's Government Gig
(c) Buffett to Invest $5 Billion in Goldman
(d) Goldman Sachs Charged With Fraud

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

15. As part of the plan for dealing with AIG’s problems, Bob Willumstad would be replaced as CEO of AIG by who, according to the author in Chapter 16?
(a) Robert Scully
(b) Eliot Spitzer
(c) Lewis Glucksman
(d) Ed Liddy

Short Answer Questions

1. John Mack at Morgan Stanley knew that his company had to find an investment partner to stay alive in Chapter 18. They had been looking at the books of what banking institution but were not enthusiastic about what they found?

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

3. Who was described as Hank Paulson’s adversary on the Senate Banking Committee in Chapter 10?

4. On what date does the author describe Bart McDade and Alex Kirk arriving in Dick Fuld’s office in the beginning of Chapter 13?

5. Who is described in Chapter 12 as the Chairman of the Financial Services Commission in Korea?

(see the answer keys)

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