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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. What reporter wrote the story about Lehman that he described in Chapter 6 as “the worst betrayal of my career”?
(a) David Einhorn
(b) Susanne Craig
(c) Gerald Donini
(d) Colm Kelleher

2. Who nominated Hank Paulson to his post in the federal cabinet?
(a) Barack Obama
(b) Dick Cheney
(c) George W. Bush
(d) Bill Clinton

3. With all eyes on Lehman after the Bear collapse, Hank Paulson suggested to Dick Fuld that it would be a good idea for Lehman to increase its holdings of what to shore up confidence in the bank?
(a) Silver
(b) Platinum
(c) Gold
(d) Cash

4. How much was oil going for per barrel according to the author in Chapter 9?
(a) $85.
(b) $140
(c) $98
(d) $163

5. In the mid-1980s, Bob Willumstad was rising through the executive ranks of what financial corporation?
(a) Barclays
(b) Northern Trust
(c) Westwood Capital LLC
(d) Chemical Bank

Short Answer Questions

1. According to the author in Chapter 5, David Einhorn was a hedge manager controlling over how much money in assets?

2. Where did Hank Paulson earn his B.A. in English?

3. Who was Bob Willumstad’s partner in starting a private-equity fund after he left Citigroup?

4. Who was the founder of the company that would become AIG?

5. What was the Chairman of the Board of AIG’s outside law firm in Chapter 8?

Short Essay Questions

1. How did Henry Paulson come about encountering the Goldman Sachs executives in Chapter 9?

2. How does the author describe John Thain’s rise in the financial world in Chapter 7?

3. How is Timothy Geithner characterized in Chapter 3? What position did he hold at the Federal Reserve?

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

5. What did Jamie Dimon inform his executive staff after attending the meeting described in the Prologue?

6. How does the author describe Jamie Dimon’s position in the Bear Stearns deal in Chapter 3?

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

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

9. What was John Thain’s plan for turning around Merrill Lynch after his acceptance of the role as CEO in Chapter 7?

10. How was Lehman Brothers impacted by the news of Bear Stearns’ collapse, according to the author in Chapter 1? What actions did the company take?

(see the answer keys)

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