Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the FinancialSystem--and Themselves Test | Mid-Book Test - Easy

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 Test | Mid-Book Test - Easy

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

Multiple Choice Questions

1. Jamie Dimon told Hank Paulson that JP Morgan had upped its offer from $2 per share to what in Chapter 2?
(a) $4 per share
(b) $16 per share
(c) $10 per share
(d) $9 per share

2. David Einhorn was the founder and president of what hedge fund?
(a) Westwood Capital LLC
(b) Greenlight Capital
(c) Brysam Global Partners
(d) Citigroup

3. AIG began with what name in a small office in Shanghai in 1919?
(a) Asian Underwriters Union
(b) Asian-American Investment Partnership
(c) American Asiatic Underwriters
(d) Pacific Ring Investments

4. Bob Willumstad was a third-generation son of immigrants from where?
(a) Germany
(b) Norway
(c) Poland
(d) Iceland

5. How old was David Einhorn described as being when he prepared for a speech at the Ira W. Sohn Investment Research Conference in Chapter 5?
(a) 42
(b) 39
(c) 33
(d) 51

6. Who was Bob Willumstad’s partner in starting a private-equity fund after he left Citigroup?
(a) Marge Magner
(b) Scott Friedheim
(c) Sandy Weill
(d) Gerald Donini

7. In 2008, AIG had grown into one of the world’s largest financial companies, with more than how much worth of assets on its books?
(a) $450 billion
(b) $800 billion
(c) $1 trillion
(d) $300 billion

8. Who was Dick Fuld’s Chief Strategy Officer in Chapter 6?
(a) Lloyd Blankfein
(b) Jim Cramer
(c) John F. Rogers
(d) David Goldfarb

9. The hedge fund Peloton had been started by what former Goldman executive, according to the author in Chapter 5?
(a) Ron Beller
(b) Bob Steel
(c) David Goldfarb
(d) Frank Zarb

10. Dick Fuld expressed his belief that Lehman Brothers was under attack by what in Chapter 4?
(a) Mortgages
(b) Short-sellers
(c) Subprime lenders
(d) Derivatives

11. What was the name of Lehman Brothers’ bomb-sniffing Labrador described in Chapter 5?
(a) Sassy
(b) Bella
(c) Ducky
(d) Tenaya

12. With all eyes on Lehman after the Bear collapse, Hank Paulson suggested to Dick Fuld that it would be a good idea for Lehman to increase its holdings of what to shore up confidence in the bank?
(a) Cash
(b) Silver
(c) Platinum
(d) Gold

13. John Thain was described as the CEO of which investment banking and wealth management firm in Chapter 7?
(a) Berkshire Hathaway
(b) Greenlight Capital
(c) Merrill Lynch
(d) Lehman Brothers

14. According to the author in Chapter 3, Geithner kept Jamie Dimon from abandoning the negotiations with Bear Stearns by working out a deal where the Federal Reserve lent money to Bear Stearns through JP Morgan, guaranteeing Morgan against how much in losses?
(a) $29 billion
(b) $14 billion
(c) $18 billion
(d) $5 billion

15. According to the author in Chapter 5, Jim Cramer, a media star, was solidly Harvard and counted as one of his best friends which individual called “the bane of Wall Street”?
(a) Kevin Warsh
(b) Ron Beller
(c) Eliot Spitzer
(d) Jim Cracchiolo

Short Answer Questions

1. In the mid-1980s, Bob Willumstad was rising through the executive ranks of what financial corporation?

2. What were the quarterly losses that were announced at Lehman Brothers on June 9, 2008?

3. Who was the Chief Financial Officer of Lehman Brothers that presented the earnings report for the first quarter of 2008?

4. Where was Dick Fuld visiting when he received an urgent call from Henry Paulson regarding the collapse of the fifth largest investment bank in the U.S., according to the author in Chapter 1?

5. Hank Paulson and his staff prepared a secret plan for how to deal with the situation should Lehman or another large firm go bankrupt, or if several banks should begin to fail at once. Who did they present their plan to in a meeting described by Sorkin in Chapter 4?

(see the answer keys)

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