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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. How much was oil going for per barrel according to the author in Chapter 9?
(a) $98
(b) $85.
(c) $163
(d) $140

2. What was the name of Lehman Brothers’ bomb-sniffing Labrador described in Chapter 5?
(a) Bella
(b) Tenaya
(c) Ducky
(d) Sassy

3. According to the author in Chapter 1, Henry Paulson called and informed Dick Fuld that Bear Stearns collapsed and that the U.S. Treasury had taken the step of backing how much in Bear Stearns assets to restore confidence in the market?
(a) $8 billion
(b) $2 billion
(c) $30 billion
(d) $15 billion

4. Who is described as Lehman Brothers’ spokesperson in Chapter 6?
(a) Kerrie Cohen
(b) Erin Callan
(c) Margaret Law
(d) Sheila Bair

5. Dick Fuld was the CEO of what global financial services firm in March, 2008?
(a) Greenlight Capital
(b) Lehman Brothers
(c) Wells Fargo
(d) JP Morgan

6. Who was the Chief Financial Officer of Lehman Brothers that presented the earnings report for the first quarter of 2008?
(a) Skip McGee
(b) David Einhorn
(c) Erin Callan
(d) Barry Zubrow

7. In what year does the author state Long-Term Capital Management blew up in Chapter 5?
(a) 1999
(b) 1996
(c) 1995
(d) 1998

8. How old was David Einhorn described as being when he prepared for a speech at the Ira W. Sohn Investment Research Conference in Chapter 5?
(a) 39
(b) 42
(c) 51
(d) 33

9. What title did Hank Paulson hold in 2008?
(a) United States Secretary of State
(b) United States Secretary of the Treasury
(c) United States Secretary of Education
(d) United States Secretary of the Interior

10. Who was the founder of the company that would become AIG?
(a) Michael Bloomberg
(b) Cornelius Vander Starr
(c) Jamie Dimon
(d) Warren Buffett

11. When did FAS 157 become effective?
(a) August 1, 2004
(b) June 28, 2005
(c) November 15, 2007
(d) May 9, 2006

12. Bob Willumstad was a third-generation son of immigrants from where?
(a) Norway
(b) Iceland
(c) Germany
(d) Poland

13. After leaving Citigroup, Bob Willumstad went on to start what private-equity fund?
(a) Lehman Brothers
(b) Wells Fargo
(c) Westwood Capital LLC
(d) Brysam Global Partners

14. Who did Bob Willumstad refer to as the former Chairman at AIG that thought Willumstad’s position was all or nothing in Chapter 8?
(a) Frank Zarb
(b) John Thain
(c) Skip McGee
(d) David Faber

15. Who was the Chairman of the Federal Reserve in 2008?
(a) Ben Bernanke
(b) Michael Bloomberg
(c) Jon Corzine
(d) Jim Bunning

Short Answer Questions

1. Who was Dick Fuld’s mentor at the global financial services firm where he began working and later led the company for much of his career?

2. With what country had Dick Fuld been working for a month to secure capital for Lehman in Chapter 6?

3. According to the author in Chapter 1, Henry Paulson called and informed Dick Fuld that Bear Stearns collapsed and would be bought by what investment company?

4. Who did Dick Fuld choose as his right-hand-man when he became CEO of a leading global financial services firm?

5. What word in finance refers to the act of making loans to people who may have difficulty maintaining the repayment schedule?

(see the answer keys)

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