Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the FinancialSystem--and Themselves Short Essay - Answer Key

Andrew Ross Sorkin
This set of Lesson Plans consists of approximately 150 pages of tests, essay questions, lessons, and other teaching materials.

Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the FinancialSystem--and Themselves Short Essay - Answer Key

Andrew Ross Sorkin
This set of Lesson Plans consists of approximately 150 pages of tests, essay questions, lessons, and other teaching materials.
Buy the Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the FinancialSystem--and Themselves Lesson Plans

1. What meeting does the author describe Jamie Dimon attending in the Prologue of Too Big to Fail?

On the evening of September 12, Jamie Dimon and the heads of several other Wall Street executives were called to an emergency meeting at the Federal Reserve Bank of New York where they learned that Lehman Brothers, the fourth largest investment bank in the country, was on the verge of collapse. Dimon and the others were asked to come up with a plan to save the bank.

2. What did Jamie Dimon inform his executive staff after attending the meeting described in the Prologue?

Dimon told his management staff at JP Morgan that the firm must prepare a plan for the possibility that Lehman would file for bankruptcy. He was also worried about other investment banks and told his staff, to their surprise, to prepare even for Goldman Sachs, the largest and most prestigious investment bank, filing bankruptcy.

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