View a FREE sample

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

Multiple Choice Questions

1. According to the author in Chapter 15, what banking institution was still interested in the broker-dealer part of Lehman, and everyone thought a deal was all but completed until they heard news otherwise?
(a) Chemical Bank
(b) Greenlight Capital
(c) Barclays
(d) American International Group

2. What British heist movie does the author describe Dick Fuld and the Lehman team watching as they returned from Seoul in Chapter 11?
(a) Snatch
(b) Dog Day Afternoon
(c) Rififi
(d) The Bank Job

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?
(a) Alex Kirk
(b) Greg Curl
(c) Tony Ryan
(d) John Mack

4. Who in Chapter 17 was the President of the European Central Bank that had been furious with the decision to “let Lehman fail”?
(a) Cornelius Vander Starr
(b) Jean-Claude Trichet
(c) Jim Bunning
(d) Anthony Ryan

5. Who was described in Chapter 17 as “a thirty-eight-year-old governor at the Federal Reserve, whose office was a few doors down from Bernanke’s”?
(a) Rick Waddell
(b) Jeb Mason
(c) Kevin Warsh
(d) Brian Moynihan

6. 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?
(a) Robert Scully
(b) Lewis Glucksman
(c) Eliot Spitzer
(d) Ed Liddy

7. 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

8. 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?
(a) Daniel A. Simkowitz
(b) Timothy Geithner
(c) Robert Scully
(d) Martin Sullivan

9. Mitsubishi is a group of companies based in what country?
(a) South Korea
(b) Cambodia
(c) Japan
(d) China

10. What analyze at Fox-Pitt Kelton is quoted in the New York Times in Chapter 13 as saying, “Some may worry that Treasury has taken on so much taxpayer burden they don’t have any remaining capacity to take on the burdens of Lehman”?
(a) David Trone
(b) Jeremiah Norton
(c) Robert Scully
(d) Andrew Gowers

11. At the end of Chapter 13, AIG went to Jamie Dimon of what banking institution with an urgent call for help?
(a) Merrill Lynch
(b) Morgan Stanley
(c) JP Morgan
(d) Berkshire Hathaway

12. According to the author in Chapter 14, beneath the New York Federal Reserve Building lies a three-level vault that holds more than how much money’s worth of gold?
(a) $60 billion
(b) $30 billion
(c) $100 billion
(d) $10 billion

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

14. According to the author in Chapter 14, after the meeting at the New York Federal Reserve Building, “the Morgan Stanley bankers had two related tasks: self-preservation and” what?
(a) Helping the Fed
(b) Wealth accumulation
(c) Offshore investments
(d) Public relations

15. Who did Dick Fuld ask to put in a word with the Korean bank for Lehman Brothers in Chapter 10?
(a) Jim Wilkinson
(b) David Faber
(c) Hank Paulson
(d) Greg Fleming

Short Answer Questions

1. Who was the new CFO of JP Morgan in Chapter 12?

2. Lloyd Blankfein was waiting to make a speech in Chapter 14 that discussed Goldman Sachs’ nonprofit program that fostered business and management education for whom?

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

4. During the meeting of the top bankers at the New York Federal Reserve Building in Chapter 14, the bankers quickly renamed the company called SpinCo as what?

5. Chapter 18 opens with the author’s description of what date?

(see the answer keys)

This section contains 596 words (approx. 2 pages at 300 words per page) View a FREE sample