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

Multiple Choice Questions

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

2. 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) 1993
(b) 1998
(c) 2001
(d) 2005

3. Henry Paulson told the bankers at the meeting at the Treasury building in Chapter 11 that they had three objectives. What were they?
(a) Stock values, interest rates, and new legislation
(b) Wealth security, public opinion, and legal loopholes
(c) Market stability, mortgage availability, and taxpayer protection
(d) Public opinion, taxpayer protection, and interest rates

4. Mitsubishi agreed to an investment of how much in Morgan Stanley in Chapter 18?
(a) $34 billion
(b) $17 billion
(c) $9 billion
(d) $3 billion

5. After the weekend of meetings of the top bankers and the Fed, they were told that no solution had been found and that the government strongly urged Lehman Brothers to do what in Chapter 15?
(a) File for bankruptcy
(b) Accept a government loan
(c) Liquidate its assets
(d) Merge with another bank

6. 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) American International Group
(b) Greenlight Capital
(c) Chemical Bank
(d) Barclays

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

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

9. 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”?
(a) Jean-Claude Trichet
(b) Margaret Law
(c) Gao Xiqing
(d) Vikram Pandit

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

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

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

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

14. Under whose guidance did Goldman Sachs and Morgan Stanley receive status as bank holding companies in Chapter 18?
(a) Timothy Geithner’s
(b) John Mack’s
(c) Colm Kelleher’s
(d) Barry Zubrow’s

15. Who was described as the head of Bank of New York Mellon in Chapter 17?
(a) Bob Kelly
(b) Joe Gregory
(c) Gerald Donini
(d) David Einhorn

Short Answer Questions

1. At the end of Chapter 13, AIG went to Jamie Dimon of what banking institution with an urgent call for help?

2. 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?

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. What is the address of the New York Federal Reserve Building?

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

(see the answer keys)

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