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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 does CIC stand for?
(a) China Investment Corporation
(b) Cash Inflow Coalition
(c) Chinese Infrastructure Coalition
(d) Capitol Intelligence Company

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

3. Who is described in Chapter 11 as the Vice Chairman of Global Capital Markets at Morgan Stanley?
(a) Eliot Spitzer
(b) Daniel A. Simkowitz
(c) Lewis Glucksman
(d) Hank Greenberg

4. Who was described as the Managing Director of Westwood Capital LLC in Chapter 11?
(a) David Einhorn
(b) Dan Alpert
(c) Dick Fuld
(d) David Goldfarb

5. 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?
(a) $40 billion
(b) $10 billion
(c) $20 billion
(d) $30 billion

Short Answer Questions

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

2. Where is Wells Fargo bank headquartered?

3. Chapter 15 begins with the author’s description of the combined efforts to save Lehman Brothers beginning on what date?

4. What critic for Architecture Magazine, wrote of the New York Federal Reserve Building in 1927 that the three-year-old building had “a quality which, for lack of a better word, I can best describe as epic”?

5. Who did Lloyd Blankfein make a call to in order to solicit investment in Goldman Sachs in Chapter 19?

Short Essay Questions

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

2. What plan was announced by Henry Paulson and drafted into a bill in Chapter 18?

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

4. What was the purpose of the meeting between the government officials and top CEOs in Chapter 14?

5. How was the meeting between Dick Fuld and John Mack described in Chapter 10?

6. How did John Mack respond to the announcement by Henry Paulson in Chapter 18?

7. How did the deal between Bank of America and Merrill Lynch influence John Mack’s actions in Chapter 15?

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

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

10. What did Dick Fuld learn about the outcome of the governmental/CEO meeting in Chapter 15?

(see the answer keys)

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