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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. Jim Cracchiolo was described as the head of what institution in Chapter 17?
(a) Morgan Stanley
(b) Greenlight Capital
(c) Brysam Global Partners
(d) Ameriprise

2. What headline on the Wall Street Journal was nagging at John Mack in the beginning of Chapter 17?
(a) Morgan Stanley's Government Gig
(b) Goldman, Morgan Now Stand Alone; Fight On or Fold?
(c) Buffett to Invest $5 Billion in Goldman
(d) Goldman Sachs Charged With Fraud

3. What banker from Citigroup asked during the meeting of the top bankers at the New York Federal Reserve Building in Chapter 14, “I assume we are going to talk about AIG?”
(a) Vikram Pandit
(b) Larry Fink
(c) Charlie Scharf
(d) Greg Fleming

4. Who was described in Chapter 17 as “a thirty-eight-year-old governor at the Federal Reserve, whose office was a few doors down from Bernanke’s”?
(a) Rick Waddell
(b) Brian Moynihan
(c) Kevin Warsh
(d) Jeb Mason

5. Henry Paulson told the bankers at the meeting at the Treasury building in Chapter 11 that they had three objectives. What were they?
(a) Wealth security, public opinion, and legal loopholes
(b) Public opinion, taxpayer protection, and interest rates
(c) Market stability, mortgage availability, and taxpayer protection
(d) Stock values, interest rates, and new legislation

Short Answer Questions

1. Lloyd Blankfein was waiting to make a keynote address following whose speech in Chapter 14?

2. Greg Curl informed Hank Paulson that Bank of America would agree to the deal regarding Lehman Brothers only if the government was willing to take how much of losses on Lehman’s assets in Chapter 14?

3. Who was described as the “seasoned reporter” at CNBC in Chapter 12?

4. Who was the head of JP Morgan’s Consumer Business department, according to the author in Chapter 12?

5. Where is Wells Fargo bank headquartered?

Short Essay Questions

1. What was the purpose of the meeting that Tim Geithner called in Chapter 16? Who was called to this meeting?

2. What plan was revisited by Henry Paulson’s team in the aftermath of the AIG bailout in Chapter 17?

3. What were the principle causes for Dick Fuld’s increasing stress in the beginning of Chapter 12?

4. What negotiations took place in the scramble to save Lehman Brothers in Chapter 12?

5. What led to the cease of negotiations between Lehman and its potential investor in Chapter 11?

6. What did Ben Bernanke and Henry Paulson present to Congress as their solution to the banking problems in Chapter 17?

7. What was discussed in the meeting between Dick Fuld and Timothy Geithner in Chapter 10?

8. On what date does the author open Chapter 19? What had happened to the stocks of Goldman Sachs and Morgan Stanley on this date?

9. How did Greg Fleming respond when he heard that Bank of America was considering buying Lehman Brothers in Chapter 13?

10. What did Henry Paulson decide to do when Fannie Mae and Freddie Mac continued to deteriorate in Chapter 11?

(see the answer keys)

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