View a FREE sample

This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. Who at JP Morgan was concerned about the deal between Bank of American and Merrill Lynch because he had hoped to someday make a deal with Bank of America himself in Chapter 15?
(a) John Mack
(b) Tony Ryan
(c) Greg Curl
(d) Alex Kirk

2. Regarding the problems at AIG, the plan that was finally put in place was for the government to take over 80% of AIG in exchange for a loan of how much?
(a) $25 billion
(b) $60 billion
(c) $150 billion
(d) $85 billion

3. Who was the Assistant Secretary for Financial Markets of the Treasury in Chapter 11?
(a) Bob Steel
(b) Anthony Ryan
(c) Lloyd Blankfein
(d) Ron Beller

4. In Chapter 16, who called JP Morgan and Goldman Sachs to come meet with the other Wall Street leaders to look at a solution for the AIG problem?
(a) Timothy Geithner
(b) David Einhorn
(c) David Goldfarb
(d) Jim Cramer

5. Where is Wells Fargo bank headquartered?
(a) San Francisco, CA
(b) Phoenix, AZ
(c) Denver, CO
(d) Seattle, WA

Short Answer Questions

1. 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”?

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

3. John Mack at Morgan Stanley knew that his company had to find an investment partner to stay alive in Chapter 18. They had been looking at the books of what banking institution but were not enthusiastic about what they found?

4. After much analysis, it was determined that after putting up all of its available assets for a short term loan, AIG would still be short by how much in Chapter 16?

5. What analyze at Fox-Pitt Kelton is quoted in the New York Times in Chapter 13 as saying, “Some may worry that Treasury has taken on so much taxpayer burden they don’t have any remaining capacity to take on the burdens of Lehman”?

Short Essay Questions

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

2. What was Dick Fuld’s last resort option that he discussed with Henry Paulson in Chapter 10?

3. What did JP Morgan plan in order to deal with the Lehman Brothers’ problem in Chapter 12?

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

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

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

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

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

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

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

(see the answer keys)

This section contains 1,004 words (approx. 4 pages at 300 words per page) View a FREE sample