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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 the Chief Financial Officer of Lehman Brothers that presented the earnings report for the first quarter of 2008?
(a) Barry Zubrow
(b) Erin Callan
(c) Skip McGee
(d) David Einhorn

2. Who did Dick Fuld choose as his right-hand-man when he became CEO of a leading global financial services firm?
(a) Joe Gregory
(b) Bob Kelly
(c) Edward Liddy
(d) David Trone

3. In what year was Bob Willumstad outmaneuvered by Sandy Weill from Citigroup, according to the author in Chapter 8?
(a) 2003
(b) 1998
(c) 2005
(d) 2000

4. Who did Hank Paulson succeed as Chief Executive of Goldman Sachs?
(a) David Einhorn
(b) Jon Corzine
(c) Gerald Donini
(d) Jamie Dimon

5. The hedge fund Peloton had been started by what former Goldman executive, according to the author in Chapter 5?
(a) David Goldfarb
(b) Bob Steel
(c) Frank Zarb
(d) Ron Beller

Short Answer Questions

1. 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?

2. On what date did Lloyd Blankfein arrive in the city where the Goldman Sachs board meeting was to take place in Chapter 9?

3. Timothy Geithner worked for the Treasury Department and what organization prior to his appointment as President of the Federal Reserve Bank of New York?

4. By what nickname is Warren Buffett known in the financial world?

5. With what country had Dick Fuld been working for a month to secure capital for Lehman in Chapter 6?

Short Essay Questions

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

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

3. How does the author describe David Einhorn in Chapter 5?

4. 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?

5. What executive meeting does the author describe in the opening of Chapter 9? Where did the meeting take place?

6. To whom did John Thain turn for help with Merrill Lynch’s situation in Chapter 7? What response did he receive?

7. How does the author describe Bob Steel in Chapter 3? Why was Bob Steel in a tough position?

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

9. 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?

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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