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

Multiple Choice Questions

1. With all eyes on Lehman after the Bear collapse, Hank Paulson suggested to Dick Fuld that it would be a good idea for Lehman to increase its holdings of what to shore up confidence in the bank?
(a) Platinum
(b) Silver
(c) Cash
(d) Gold

2. On what date did Lloyd Blankfein arrive in the city where the Goldman Sachs board meeting was to take place in Chapter 9?
(a) October 21, 2007
(b) November 16, 2008
(c) March 4, 2007
(d) June 27, 2008

3. Who did Hank Paulson succeed as Chief Executive of Goldman Sachs?
(a) Jon Corzine
(b) David Einhorn
(c) Jamie Dimon
(d) Gerald Donini

4. Who was the Chief of Staff at Goldman Sachs in Chapter 9?
(a) John F. Rogers
(b) Martin Sullivan
(c) Gerald Donini
(d) Jon Corzine

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

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

7. David Einhorn was the founder and president of what hedge fund?
(a) Brysam Global Partners
(b) Citigroup
(c) Greenlight Capital
(d) Westwood Capital LLC

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

9. John Thain is described in Chapter 7 as having worked for Henry Paulson at Goldman Sachs and then as CEO of what company?
(a) Berkshire Hathaway
(b) The New York Stock Exchange
(c) The International Monetary Fund
(d) Citigroup

10. In 2008, AIG had grown into one of the world’s largest financial companies, with a market value of just under how much?
(a) $35 billon
(b) $50 billion
(c) $80 billion
(d) $125 billion

11. Bob Steel called which old friend at Barclays Bank in London to ask if Barclays might be interested in purchasing Lehman in Chapter 4?
(a) Dan Alpert
(b) Bob Diamond
(c) David Viniar
(d) Vikram Pandit

12. When was Warren Buffett born?
(a) 1918
(b) 1941
(c) 1925
(d) 1930

13. Hank Paulson joined Goldman Sachs covering large industrial companies in the Midwest in what year?
(a) 1967
(b) 1971
(c) 1974
(d) 1980

14. Where was Dick Fuld born?
(a) New York, NY
(b) Chicago, IL
(c) Dallas, TX
(d) New Orleans, LA

15. Jim Cramer was a popular television celebrity with an influential financial program on what network, according to the author in Chapter 5?
(a) CNBC
(b) CNN
(c) FOX
(d) ABC

Short Answer Questions

1. According to the author in Chapter 5, Dick Fuld “said that he had become convinced that two of the nation’s most powerful financiers were largely responsible for both the short raid and rumor mongering.” Who were these financiers?

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

3. From which hedge fund mogul had Scott Friedheim recently bought a black GMC Denali outfitted with internet access and a chauffeur in Chapter 6?

4. What was the largest and most prestigious investment bank in the nation that Jamie Dimon advised his staff could possibly file bankruptcy in the Prologue?

5. Lloyd Blankfein had assembled a meeting of the board of Goldman Sachs where in Chapter 9?

(see the answer keys)

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