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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. Warren Buffett is the primary shareholder, chairman and CEO of what American multinational conglomerate holding company?
(a) Berkshire Hathaway
(b) BlackRock
(c) Wells Fargo
(d) Westwood Capital LLC

2. John Thain went to Michael Bloomberg and proposed that Bloomberg buy back what percent of his company from the bank in Chapter 7?
(a) 35%
(b) 10%
(c) 20%
(d) 50%

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?
(a) The International Monetary Fund
(b) The Bank of Rome
(c) The Bank of Berlin
(d) The World Bank

4. Where does the author say Gerald Domini lived in Chapter 5?
(a) Bangor, Maine
(b) Boston, Massachusetts
(c) Summit, NJ
(d) Hartford, Connecticut

5. When was Warren Buffett born?
(a) 1930
(b) 1941
(c) 1918
(d) 1925

Short Answer Questions

1. From which hedge fund mogul had Scott Friedheim recently bought a black GMC Denali outfitted with internet access and a chauffeur in Chapter 6?

2. Jamie Dimon told Hank Paulson that JP Morgan had upped its offer from $2 per share to what in Chapter 2?

3. Who was Dick Fuld’s Chief Strategy Officer in Chapter 6?

4. John Thain is described in Chapter 7 as having worked for Henry Paulson at Goldman Sachs and then as CEO of what company?

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

Short Essay Questions

1. What was the impact of David Einhorn’s speech regarding Lehman Brothers’ assets in Chapter 5?

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

3. 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?

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

5. Why did Dick Fuld meet with other Lehman executives and Jim Cramer in Chapter 5? How did this meeting turn out?

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

7. 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?

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

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

(see the answer keys)

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