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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. From which hedge fund mogul had Scott Friedheim recently bought a black GMC Denali outfitted with internet access and a chauffeur in Chapter 6?
(a) Cornelius Vander Starr
(b) David Einhorn
(c) Michael Bloomberg
(d) Eddie Lampert

2. What word from Chapter 5 derives from German and describes an all-motorized force concentration of tanks, infantry, artillery, combat engineers and air power?
(a) Blitzkrieg
(b) Shock-and-awe
(c) Kamikaze
(d) Assassination

3. On the heels of David Einhorn’s campaign against Lehman Brothers, Lehman’s stock had fallen how much since Einhorn’s speech in May, according to the author in Chapter 6?
(a) 22.6%
(b) 31.0%
(c) 12.5%
(d) 37.2%

4. On what date did Lehman Brothers release its earnings report for the first quarter of 2008?
(a) April 1, 2009
(b) March 18, 2008
(c) February 6, 2008
(d) June 22, 2008

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

Short Answer Questions

1. Where did Dick Fuld receive his B.A. and B.S. in 1969?

2. According to the author in Chapter 1, Henry Paulson called and informed Dick Fuld that Bear Stearns collapsed and that the U.S. Treasury had taken the step of backing how much in Bear Stearns assets to restore confidence in the market?

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

4. According to the author in Chapter 6, Scott Friedheim was an executive in whose mold?

5. Who was the Chief of Staff at Goldman Sachs in Chapter 9?

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. What suggestion did Hank Paulson make to Dick Fuld regarding Lehman Brothers’ holdings in Chapter 2? How did Fuld respond?

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

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

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

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

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

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

9. What decisions came out of the meeting described in Chapter 9?

10. How was Hank Paulson’s rise to the post of Treasury Secretary described in Chapter 2?

(see the answer keys)

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