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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. Who was described as the Chief Financial Officer at Goldman Sachs in Chapter 9?
(a) Lloyd Blankfein
(b) Andrew Gowers
(c) Joe Gregory
(d) David Viniar

2. Who was the Chairman of the Federal Reserve in 2008?
(a) Jim Bunning
(b) Ben Bernanke
(c) Michael Bloomberg
(d) Jon Corzine

3. According to the author in Chapter 5, Jim Cramer, a media star, was solidly Harvard and counted as one of his best friends which individual called “the bane of Wall Street”?
(a) Ron Beller
(b) Kevin Warsh
(c) Jim Cracchiolo
(d) Eliot Spitzer

4. Who did Scott Friedheim believe to be responsible for the leak to the Wall Street Journal in Chapter 6?
(a) Erin Callan
(b) Sheila Bair
(c) Margaret Law
(d) Kerrie Cohen

5. AIG began with what name in a small office in Shanghai in 1919?
(a) Pacific Ring Investments
(b) Asian-American Investment Partnership
(c) Asian Underwriters Union
(d) American Asiatic Underwriters

Short Answer Questions

1. What refers to a security interest in real property held by a lender as a security for a debt?

2. How old was David Einhorn described as being when he prepared for a speech at the Ira W. Sohn Investment Research Conference in Chapter 5?

3. In 2008, AIG had grown into one of the world’s largest financial companies, with a market value of just under how much?

4. Bob Steel called which old friend at Barclays Bank in London to ask if Barclays might be interested in purchasing Lehman in Chapter 4?

5. What word from Chapter 5 derives from German and describes an all-motorized force concentration of tanks, infantry, artillery, combat engineers and air power?

Short Essay Questions

1. What was the secret plan that Hank Paulson developed for how to deal with the situation if Lehman Brothers or several banks should begin to fail in Chapter 4?

2. What advice did Skip McGee give to Dick Fuld in Chapter 6? How did Fuld respond?

3. When was AIG’s Financial Products department developed, according to the author in Chapter 8? How successful was this department?

4. Who was let go from Lehman Brothers during an executive committee meeting in Chapter 6?

5. How is Dick Fuld’s career described in Chapter 1? Who did Fuld choose as his right-hand-man at Lehman Brothers?

6. For what reason was Hank Paulson angry when he heard about the JP Morgan and Bear Stearns deal in Chapter 2?

7. Who did Bob Steel contact to discuss the Lehman Brothers problem in Chapter 4? What response did he get?

8. How does the author describe AIG’s establishment and history in Chapter 8?

9. What was Hank Paulson’s first concern regarding the possibility of failure of Lehman Brothers, according to the author in Chapter 4?

10. What meeting does the author describe Jamie Dimon attending in the Prologue of Too Big to Fail?

(see the answer keys)

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