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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. Under whose guidance did Goldman Sachs and Morgan Stanley receive status as bank holding companies in Chapter 18?
(a) Barry Zubrow’s
(b) Colm Kelleher’s
(c) Timothy Geithner’s
(d) John Mack’s

2. When did Bob Willumstad accept the position of CEO of AIG?
(a) June, 2008
(b) August, 2006
(c) March, 2007
(d) November, 2005

3. Who is described in Chapter 12 as “a former Republican representative from New York, whom Dimon had hired as executive vice president of global government relations and public policy”?
(a) Rick Lazio
(b) Michael Bloomberg
(c) Jim Bunning
(d) David Einhorn

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) David Goldfarb
(b) David Einhorn
(c) Jim Cramer
(d) Timothy Geithner

5. Who was described as the President of Merrill Lynch in Chapter 13?
(a) Edward Liddy
(b) Dan Alpert
(c) Greg Fleming
(d) Martin Sullivan

Short Answer Questions

1. Who was described as Hank Paulson’s adversary on the Senate Banking Committee in Chapter 10?

2. As part of the plan for dealing with AIG’s problems, Bob Willumstad would be replaced as CEO of AIG by who, according to the author in Chapter 16?

3. 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?

4. What is the common name for the Federal Home Loan Mortgage Corporation?

5. Who was described as the head of the FDIC in Chapter 12?

Short Essay Questions

1. What did Henry Paulson respond when solicited for help from Bob Diamond and Ken Lewis in Chapter 13?

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

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

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

5. How did Timothy Geithner break the CEOs into groups in Chapter 14? What was their assignment?

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

7. What was the outcome after the bailout of AIG, according to the author in Chapter 17?

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

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

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

(see the answer keys)

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