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

Andrew Ross Sorkin
This set of Lesson Plans consists of approximately 150 pages of tests, essay questions, lessons, and other teaching materials.
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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. Who did Dick Fuld ask to put in a word with the Korean bank for Lehman Brothers in Chapter 10?
(a) Hank Paulson
(b) David Faber
(c) Greg Fleming
(d) Jim Wilkinson

2. After the weekend of meetings of the top bankers and the Fed, they were told that no solution had been found and that the government strongly urged Lehman Brothers to do what in Chapter 15?
(a) Liquidate its assets
(b) Merge with another bank
(c) File for bankruptcy
(d) Accept a government loan

3. What was referred to as “the good bank-bad bank plan” that McDade was thinking of announcing in Chapter 12?
(a) The SpinCo plan
(b) The SupCo plan
(c) The derivatives plan
(d) The TARP plan

4. Chapter 15 begins with the author’s description of the combined efforts to save Lehman Brothers beginning on what date?
(a) August 26, 2008
(b) October 8, 2008
(c) December 13, 2008
(d) September 14, 2008

5. Who did Dick Fuld contact at the Federal Reserve about Lehman Brothers possibly becoming a bank company in Chapter 10?
(a) Timothy Geithner
(b) Rick Lazio
(c) Bob Hoyt
(d) Barry Zubrow

6. Henry Paulson and his staff drafted a three-page bill that asked Congress for authority to spend how much money in Chapter 18?
(a) $2.5 trillion
(b) $300 billion
(c) $1.2 trillion
(d) $700 billion

7. 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”?
(a) Jeremiah Norton
(b) David Trone
(c) Robert Scully
(d) Andrew Gowers

8. John Mack at Morgan Stanley knew that his company had to find an investment partner to stay alive in Chapter 18. They had been looking at the books of what banking institution but were not enthusiastic about what they found?
(a) Northern Trust
(b) Bank of America
(c) Wachovia
(d) Citigroup

9. Henry Paulson told the bankers at the meeting at the Treasury building in Chapter 11 that they had three objectives. What were they?
(a) Wealth security, public opinion, and legal loopholes
(b) Stock values, interest rates, and new legislation
(c) Public opinion, taxpayer protection, and interest rates
(d) Market stability, mortgage availability, and taxpayer protection

10. Freddie Mac had a reported loss of how much in the morning when Henry Paulson met with the top bankers at the Treasury building in Chapter 11?
(a) $558 million
(b) $461 million
(c) $697 million
(d) $821 million

11. Larry Fink was described in Chapter12 as being from what financial institution?
(a) Berkshire Hathaway
(b) Bank of America
(c) Barclays
(d) BlackRock

12. What banker from Citigroup asked during the meeting of the top bankers at the New York Federal Reserve Building in Chapter 14, “I assume we are going to talk about AIG?”
(a) Larry Fink
(b) Vikram Pandit
(c) Charlie Scharf
(d) Greg Fleming

13. Regarding the problems at AIG, the plan that was finally put in place was for the government to take over 80% of AIG in exchange for a loan of how much?
(a) $150 billion
(b) $60 billion
(c) $85 billion
(d) $25 billion

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

15. 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 Libertarian
(b) A Socialist
(c) A Capitalist
(d) A Communist

Short Answer Questions

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

2. Who was described as the head of Northern Trust in Chapter 17?

3. Who in Chapter 17 was the President of the European Central Bank that had been furious with the decision to “let Lehman fail”?

4. What is the common name for the Federal Home Loan Mortgage Corporation?

5. What does CIC stand for?

(see the answer keys)

This section contains 614 words
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