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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. At the end of Chapter 13, AIG went to Jamie Dimon of what banking institution with an urgent call for help?

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

3. Who was the head of JP Morgan’s Consumer Business department, according to the author in Chapter 12?

4. 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?

5. Under whose guidance did Goldman Sachs and Morgan Stanley receive status as bank holding companies in Chapter 18?

Short Essay Questions

1. What happened with the deal between Lehman Brothers and Barclays in Chapter 15?

2. What was discussed in the meeting between Dick Fuld and Timothy Geithner in Chapter 10?

3. What did JP Morgan plan in order to deal with the Lehman Brothers’ problem in Chapter 12?

4. What did Henry Paulson respond when solicited for help from Bob Diamond and Ken Lewis in Chapter 13?

5. With whom were Lehman Brothers in negotiations with in Chapter 11? Who led the negotiations?

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

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

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

9. What plan was developed in order to address the problem of AIG in Chapter 16?

10. How was the meeting between Dick Fuld and John Mack described in Chapter 10?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Discuss the biography and career of Dick Fuld and the origins and history of Lehman Brothers Holdings Inc. When and where was Lehman Brothers established? How did the institution come to be the fourth-largest investment bank in the U.S.? When did Fuld become CEO?

Essay Topic 2

Discuss the career of David Einhorn and his establishment of Greenlight Capital. When was Greenlight Capital established and how quickly did the company grow? What role did the hedge fund play in the derivatives market and in the downfall of 2008?

Essay Topic 3

Discuss the biography and careers of Henry Paulson and George W. Bush. When did George W. Bush ask Henry Paulson to consider taking the position of U.S. Secretary of the Treasury? How did others perceive this nomination in Washington? What happened to Paulson’s stock in Goldman Sachs?

(see the answer keys)

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