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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 Home Loan Mortgage Corporation?
(a) Ameriprise
(b) Freddie Mac
(c) Morgan Stanley
(d) Peloton

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

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

4. 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) Kevin Warsh
(b) Brian Moynihan
(c) Rick Waddell
(d) Jeb Mason

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

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

7. Who is described in Chapter 12 as “a former Republican representative from New York, whom Dimon had hired as executive vice president of global government relations and public policy”?
(a) Michael Bloomberg
(b) Rick Lazio
(c) David Einhorn
(d) Jim Bunning

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

9. 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) $60 billion
(d) $30 billion

10. 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) Buffett to Invest $5 Billion in Goldman
(c) Goldman Sachs Charged With Fraud
(d) Morgan Stanley's Government Gig

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

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

13. 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) September 14, 2008
(c) August 26, 2008
(d) October 8, 2008

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

15. After much analysis, it was determined that after putting up all of its available assets for a short term loan, AIG would still be short by how much in Chapter 16?
(a) $30-40 billion
(b) $10-20 billion
(c) $50-60 billion
(d) $75-100 billion

Short Answer Questions

1. Who was described as the head of Northern Trust in Chapter 17?

2. Who was the head of JP Morgan’s Consumer Business department, according to the author in Chapter 12?

3. Chapter 19 opens with the author’s description of what date?

4. Henry Paulson announced his plan to stop the market panic in Chapter 18. This plan was called TARP, which stands for what?

5. Senator Jim Bunning, who had sparred with Paulson over the summer, had gone so far as to call Hank Paulson what, according to the author in Chapter 12?

(see the answer keys)

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