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

Multiple Choice Questions

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

2. 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) $60 billion
(c) $30 billion
(d) $100 billion

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

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

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

6. Who is described in Chapter 12 as the Chairman of the Financial Services Commission in Korea?
(a) Vikram Pandit
(b) Gao Xiqing
(c) Jun Kwang-woo
(d) Min Euoo Song

7. Henry Paulson announced his plan to stop the market panic in Chapter 18. This plan was called TARP, which stands for what?
(a) Taxable Asset Recuperation Program
(b) Technology Advancement Reward Program
(c) Terminal Asset Reduction Philosophy
(d) Troubled Asset Relief Program

8. Bob Steel was described as now being with what banking institution in Chapter 12?
(a) Citigroup
(b) Wells Fargo
(c) Wachovia
(d) Merrill Lynch

9. 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

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

11. 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?
(a) Offshore investments
(b) Helping the Fed
(c) Public relations
(d) Wealth accumulation

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

13. 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) Vancouver
(b) Atlanta
(c) Beijing
(d) London

14. 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?
(a) AIG
(b) Morgan Stanley
(c) Goldman Sachs
(d) JP Morgan

15. Hank Paulson’s team of advisors in Chapter 12 included Tony Ryan, Jeremiah Norton, Jim Wilkinson, Jeb Mason, and whom?
(a) Frank Zarb
(b) Kerrie Cohen
(c) Bob Hoyt
(d) Rick Lazio

Short Answer Questions

1. Who did Lloyd Blankfein make a call to in order to solicit investment in Goldman Sachs in Chapter 19?

2. AIG was scheduled to report what losses in its second quarter in Chapter 11?

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

4. Jim Cracchiolo was described as the head of what institution in Chapter 17?

5. 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”?

(see the answer keys)

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