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

Multiple Choice Questions

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

2. 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?
(a) Wachovia
(b) Northern Trust
(c) Citigroup
(d) Bank of America

3. What giant money market fund had “broken the buck a day earlier” in Chapter 17?
(a) China Investment Corporation
(b) Westwood Capital LLC
(c) Reserve Primary Fund
(d) The International Monetary Fund

4. John Thain thought in Chapter 14 as he pulled up to the New York Federal Reserve Building that the last time he’d been there was during the rescue of Long-Term Capital Management in what year?
(a) 2005
(b) 1993
(c) 2001
(d) 1998

5. As the top bankers made their way home after the weekend of trying to solve the Lehman Brothers problem, they were called back to the Treasury for another emergency meeting involving what institution?
(a) AIG
(b) JP Morgan
(c) Morgan Stanley
(d) Goldman Sachs

6. Morgan Stanley had entered into talks with whom from CIC in Chapter 18?
(a) Jean-Claude Trichet
(b) Gao Xiqing
(c) Jun Kwang-woo
(d) Min Euoo Song

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

8. Mitsubishi agreed to an investment of how much in Morgan Stanley in Chapter 18?
(a) $17 billion
(b) $34 billion
(c) $3 billion
(d) $9 billion

9. What is the common name for the Federal National Mortgage Association?
(a) Wachovia
(b) Fannie Mae
(c) Reserve Primary Fund
(d) Ameriprise

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

11. Greg Curl informed Hank Paulson that Bank of America would agree to the deal regarding Lehman Brothers only if the government was willing to take how much of losses on Lehman’s assets in Chapter 14?
(a) $40 billion
(b) $30 billion
(c) $10 billion
(d) $20 billion

12. 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”?
(a) Gao Xiqing
(b) Margaret Law
(c) Jean-Claude Trichet
(d) Vikram Pandit

13. Henry Paulson announced his plan to stop the market panic in Chapter 18. This plan was called TARP, which stands for what?
(a) Technology Advancement Reward Program
(b) Troubled Asset Relief Program
(c) Taxable Asset Recuperation Program
(d) Terminal Asset Reduction Philosophy

14. What does KDB stand for?
(a) Kenneth Davis Bank
(b) Krakow Derivatives Bank
(c) Kellogg Dynasty Bank
(d) Korea Development Bank

15. What does CIC stand for?
(a) China Investment Corporation
(b) Cash Inflow Coalition
(c) Chinese Infrastructure Coalition
(d) Capitol Intelligence Company

Short Answer Questions

1. On what date does the author describe Bart McDade and Alex Kirk arriving in Dick Fuld’s office in the beginning of Chapter 13?

2. Henry Paulson and his staff drafted a three-page bill that asked Congress for authority to spend how much money in Chapter 18?

3. What British heist movie does the author describe Dick Fuld and the Lehman team watching as they returned from Seoul in Chapter 11?

4. Who is described in Chapter 11 as the Vice Chairman of Global Capital Markets at Morgan Stanley?

5. Who is described in Chapter 11 as the Co-President at Morgan Stanley and the man who had worked on the government’s bailout of Chrysler nearly three decades earlier?

(see the answer keys)

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