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

Multiple Choice Questions

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

2. Who did Lloyd Blankfein make a call to in order to solicit investment in Goldman Sachs in Chapter 19?
(a) Ben Bernanke
(b) Warren Buffett
(c) Timothy Geithner
(d) Michael Bloomberg

3. Henry Paulson cut his meeting short with the bankers in Chapter 11 because he was going with his family to attend the Olympic Games where?
(a) Beijing
(b) London
(c) Vancouver
(d) Atlanta

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

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

6. 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) OC/DC
(c) OC/BC
(d) AC/OC

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

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

9. Who was the Assistant Secretary for Financial Markets of the Treasury in Chapter 11?
(a) Bob Steel
(b) Lloyd Blankfein
(c) Anthony Ryan
(d) Ron Beller

10. 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) $150 billion
(b) $85 billion
(c) $25 billion
(d) $60 billion

11. On what date does the author describe Bart McDade and Alex Kirk arriving in Dick Fuld’s office in the beginning of Chapter 13?
(a) July 28, 2008
(b) March 5, 2009
(c) September 10, 2008
(d) November 14, 2008

12. Who is described in Chapter 11 as the Co-President at Morgan Stanley and the man who had worked on the government’s bailout of Chrysler nearly three decades earlier?
(a) Robert Scully
(b) Timothy Geithner
(c) Daniel A. Simkowitz
(d) Martin Sullivan

13. Who is described in Chapter 11 as the Vice Chairman of Global Capital Markets at Morgan Stanley?
(a) Daniel A. Simkowitz
(b) Eliot Spitzer
(c) Hank Greenberg
(d) Lewis Glucksman

14. 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) $20 billion
(c) $30 billion
(d) $10 billion

15. 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) The elderly
(b) Women
(c) Minorities
(d) Children

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. Who was the Chief Financial Officer of Morgan Stanley in Chapter 14?

3. 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?

4. Who in Chapter 17 was the President of the European Central Bank that had been furious with the decision to “let Lehman fail”?

5. 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?

(see the answer keys)

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