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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 is described in Chapter 12 as “a former Republican representative from New York, whom Dimon had hired as executive vice president of global government relations and public policy”?
(a) Jim Bunning
(b) Michael Bloomberg
(c) David Einhorn
(d) Rick Lazio

2. Who complained to Henry Paulson that short sellers were spreading false rumors to drive the panic after the government’s intervention with AIG in Chapter 17?
(a) Marge Magner
(b) Martin Sullivan
(c) Sandy Weill
(d) John Mack

3. Senator Jim Bunning, who had sparred with Paulson over the summer, had gone so far as to call Hank Paulson what, according to the author in Chapter 12?
(a) A Socialist
(b) A Libertarian
(c) A Capitalist
(d) A Communist

4. Who was the Assistant Secretary for Financial Markets of the Treasury in Chapter 11?
(a) Lloyd Blankfein
(b) Ron Beller
(c) Bob Steel
(d) Anthony Ryan

5. 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) September 10, 2008
(b) November 14, 2008
(c) March 5, 2009
(d) July 28, 2008

Short Answer Questions

1. 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?

2. Who did Lloyd Blankfein make a call to in order to solicit investment in Goldman Sachs in Chapter 19?

3. AIG was scheduled to report what losses in its second quarter in Chapter 11?

4. 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”?

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

Short Essay Questions

1. What did Henry Paulson decide to do when Fannie Mae and Freddie Mac continued to deteriorate in Chapter 11?

2. What plan was revisited by Henry Paulson’s team in the aftermath of the AIG bailout in Chapter 17?

3. How did John Mack respond to the announcement by Henry Paulson in Chapter 18?

4. On what date does the author open Chapter 19? What had happened to the stocks of Goldman Sachs and Morgan Stanley on this date?

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

6. What did Ben Bernanke and Henry Paulson present to Congress as their solution to the banking problems in Chapter 17?

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

8. What led to the cease of negotiations between Lehman and its potential investor in Chapter 11?

9. What events does the author describe taking place on September 10, 2008, in the opening of Chapter 13?

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

(see the answer keys)

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