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

Multiple Choice Questions

1. Who is described as Lehman Brothers’ spokesperson in Chapter 6?
(a) Kerrie Cohen
(b) Margaret Law
(c) Sheila Bair
(d) Erin Callan

2. What was the largest and most prestigious investment bank in the nation that Jamie Dimon advised his staff could possibly file bankruptcy in the Prologue?
(a) Barclays
(b) Wachovia
(c) Wells Fargo
(d) Goldman Sachs

3. Who was the Chief Financial Officer of Lehman Brothers that presented the earnings report for the first quarter of 2008?
(a) Erin Callan
(b) Barry Zubrow
(c) David Einhorn
(d) Skip McGee

4. According to the author in Chapter 5, David Einhorn was a hedge manager controlling over how much money in assets?
(a) $10 billion
(b) $3 billion
(c) $6 billion
(d) $12 billion

5. Dick Fuld had been pressing what old friend and former Chairman of AIG to put money into Lehman Brothers in Chapter 6?
(a) Brian Moynihan
(b) Frank Zarb
(c) Charlie Scharf
(d) Hank Greenberg

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

7. 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?
(a) Daniel A. Simkowitz
(b) Jim Cramer
(c) Michael Bloomberg
(d) Ben Bernanke

8. Who was described as the Chief Financial Officer at Goldman Sachs in Chapter 9?
(a) Andrew Gowers
(b) Lloyd Blankfein
(c) David Viniar
(d) Joe Gregory

9. In 2008, AIG had grown into one of the world’s largest financial companies, with a market value of just under how much?
(a) $50 billion
(b) $125 billion
(c) $35 billon
(d) $80 billion

10. What were the quarterly losses that were announced at Lehman Brothers on June 9, 2008?
(a) $1.7 billion
(b) $2.8 billion
(c) $2.2 billion
(d) $3.6 billion

11. On what morning does the author describe Jamie Dimon awakening after an emergency meeting at the Federal Reserve Bank of New York with a dozen of his rival Wall Street CEOs in the beginning of the Prologue?
(a) September 13, 2008
(b) April 19, 2007
(c) June 2, 2009
(d) January 5, 2010

12. The assignment of Jamie Dimon and a dozen of his rival CEOs at the emergency meeting at the Federal Reserve Bank of New York was to come up with a plan to save what company, according to the author in the Prologue?
(a) JP Morgan
(b) Lehman Brothers
(c) Merrill Lynch
(d) Berkshire Hathaway

13. On what date did Lehman Brothers release its earnings report for the first quarter of 2008?
(a) April 1, 2009
(b) February 6, 2008
(c) March 18, 2008
(d) June 22, 2008

14. Timothy Geithner worked for the Treasury Department and what organization prior to his appointment as President of the Federal Reserve Bank of New York?
(a) The World Bank
(b) The International Monetary Fund
(c) The Bank of Rome
(d) The Bank of Berlin

15. Timothy Geithner was the President of the Federal Reserve Bank of New York during what years?
(a) 1999-2002
(b) 2001-2010
(c) 2003-2009
(d) 2002-2005

Short Answer Questions

1. John Thain went to Michael Bloomberg and proposed that Bloomberg buy back what percent of his company from the bank in Chapter 7?

2. Dick Fuld expressed his belief that Lehman Brothers was under attack by what in Chapter 4?

3. When was Warren Buffett born?

4. David Einhorn was the founder and president of what hedge fund?

5. Who was the head of communications at Lehman Brothers in Chapter 6?

(see the answer keys)

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