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. What is the common name for the Federal National Mortgage Association?
(a) Ameriprise
(b) Reserve Primary Fund
(c) Wachovia
(d) Fannie Mae

2. Who was described as the Managing Director of Westwood Capital LLC in Chapter 11?
(a) Dick Fuld
(b) Dan Alpert
(c) David Einhorn
(d) David Goldfarb

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

4. Who is described in Chapter 12 as “a former Republican representative from New York, whom Dimon had hired as executive vice president of global government relations and public policy”?
(a) Michael Bloomberg
(b) Jim Bunning
(c) Rick Lazio
(d) David Einhorn

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

6. Who did Lloyd Blankfein make a call to in order to solicit investment in Goldman Sachs in Chapter 19?
(a) Timothy Geithner
(b) Ben Bernanke
(c) Warren Buffett
(d) Michael Bloomberg

7. Lloyd Blankfein was waiting to make a keynote address following whose speech in Chapter 14?
(a) Timothy Geithner’s
(b) Michael Bloomberg’s
(c) Ben Bernanke’s
(d) Arnold Swarzanegger’s

8. What is the common name for the Federal Home Loan Mortgage Corporation?
(a) Peloton
(b) Ameriprise
(c) Morgan Stanley
(d) Freddie Mac

9. 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

10. 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) File for bankruptcy
(b) Accept a government loan
(c) Liquidate its assets
(d) Merge with another bank

11. Who is described in Chapter 12 as the Chairman of the Financial Services Commission in Korea?
(a) Gao Xiqing
(b) Jun Kwang-woo
(c) Min Euoo Song
(d) Vikram Pandit

12. 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) $461 million
(b) $697 million
(c) $821 million
(d) $558 million

13. Who was described as Hank Paulson’s adversary on the Senate Banking Committee in Chapter 10?
(a) David Faber
(b) David Goldfarb
(c) Jim Wilkinson
(d) Jim Bunning

14. Who was described as the head of the FDIC in Chapter 12?
(a) Jun Kwang-woo
(b) Sheila Bair
(c) Marge Magner
(d) Erin Callan

15. Who was described as the head of Northern Trust in Chapter 17?
(a) Charlie Scharf
(b) Skip McGee
(c) John Thain
(d) Rick Waddell

Short Answer Questions

1. After much analysis, it was determined that after putting up all of its available assets for a short term loan, AIG would still be short by how much in Chapter 16?

2. Chapter 19 opens with the author’s description of what date?

3. What does FDIC stand for?

4. Bob Steel was described as now being with what banking institution in Chapter 12?

5. Who was described as the “seasoned reporter” at CNBC in Chapter 12?

(see the answer keys)

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