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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. Who was described as the head of Bank of New York Mellon in Chapter 17?
(a) Joe Gregory
(b) David Einhorn
(c) Bob Kelly
(d) Gerald Donini

2. On what date does the author describe Bart McDade and Alex Kirk arriving in Dick Fuld’s office in the beginning of Chapter 13?
(a) November 14, 2008
(b) July 28, 2008
(c) September 10, 2008
(d) March 5, 2009

3. 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 Goldfarb
(c) David Einhorn
(d) Jim Cramer

4. Freddie Mac had a reported loss of how much in the morning when Henry Paulson met with the top bankers at the Treasury building in Chapter 11?
(a) $558 million
(b) $697 million
(c) $821 million
(d) $461 million

5. Bob Steel was described as now being with what banking institution in Chapter 12?
(a) Citigroup
(b) Merrill Lynch
(c) Wells Fargo
(d) Wachovia

Short Answer Questions

1. Bart McDade and Skip McGee from Lehman Brothers met with whom from KDB to hammer out a deal in Chapter 11?

2. What is the common name for the Federal National Mortgage Association?

3. Who did Jamie Dimon take with him to meet with Ben Bernanke in Chapter 12?

4. Mitsubishi agreed to an investment of how much in Morgan Stanley in Chapter 18?

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

Short Essay Questions

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

2. How much capital was AIG able to raise in Chapter 14? How much were they short?

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

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

5. What happened with the deal between Lehman Brothers and Barclays in Chapter 15?

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

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

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

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

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

(see the answer keys)

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