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

Multiple Choice Questions

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

2. Jim Cracchiolo was described as the head of what institution in Chapter 17?
(a) Greenlight Capital
(b) Brysam Global Partners
(c) Morgan Stanley
(d) Ameriprise

3. Who was described in Chapter 17 as “a thirty-eight-year-old governor at the Federal Reserve, whose office was a few doors down from Bernanke’s”?
(a) Rick Waddell
(b) Brian Moynihan
(c) Kevin Warsh
(d) Jeb Mason

4. Who was the Chief Financial Officer of Morgan Stanley in Chapter 14?
(a) Anthony Ryan
(b) Vikram Pandit
(c) Colm Kelleher
(d) John Mack

5. Who complained to Henry Paulson that short sellers were spreading false rumors to drive the panic after the government’s intervention with AIG in Chapter 17?
(a) John Mack
(b) Marge Magner
(c) Martin Sullivan
(d) Sandy Weill

6. 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) Eliot Spitzer
(b) Lewis Glucksman
(c) Ed Liddy
(d) Robert Scully

7. Bart McDade and Skip McGee from Lehman Brothers met with whom from KDB to hammer out a deal in Chapter 11?
(a) Vikram Pandit
(b) Jun Kwang-woo
(c) Min Euoo Song
(d) Gao Xiqing

8. Greg Curl informed Hank Paulson that Bank of America would agree to the deal regarding Lehman Brothers only if the government was willing to take how much of losses on Lehman’s assets in Chapter 14?
(a) $40 billion
(b) $30 billion
(c) $10 billion
(d) $20 billion

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

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

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

12. Lloyd Blankfein was waiting to make a keynote address following whose speech in Chapter 14?
(a) Ben Bernanke’s
(b) Arnold Swarzanegger’s
(c) Michael Bloomberg’s
(d) Timothy Geithner’s

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

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

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

Short Answer Questions

1. What critic for Architecture Magazine, wrote of the New York Federal Reserve Building in 1927 that the three-year-old building had “a quality which, for lack of a better word, I can best describe as epic”?

2. 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?

3. 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?

4. 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?

5. Chapter 18 opens with the author’s description of what date?

(see the answer keys)

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