|Name: _________________________||Period: ___________________|
This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.
Multiple Choice Questions
1. Where was the hedge fund Peloton based?
(c) New York
2. What refers to a security interest in real property held by a lender as a security for a debt?
(d) Subprime lending
3. In what year does the author state Long-Term Capital Management blew up in Chapter 5?
4. What was the name of Lehman Brothers’ bomb-sniffing Labrador described in Chapter 5?
5. After leaving Citigroup, Bob Willumstad went on to start what private-equity fund?
(a) Wells Fargo
(b) Brysam Global Partners
(c) Lehman Brothers
(d) Westwood Capital LLC
Short Answer Questions
1. By what nickname is Warren Buffett known in the financial world?
2. 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?
3. Gerald Donini asserts when speaking with Jim Cramer in Chapter 5 that he felt the real problem in the marketplace wasn’t short-selling, but what?
4. Hank Paulson joined Goldman Sachs covering large industrial companies in the Midwest in what year?
5. What title did Hank Paulson hold in 2008?
Short Essay Questions
1. What did Jamie Dimon inform his executive staff after attending the meeting described in the Prologue?
2. How did Henry Paulson come about encountering the Goldman Sachs executives in Chapter 9?
3. What executive meeting does the author describe in the opening of Chapter 9? Where did the meeting take place?
4. To whom did John Thain turn for help with Merrill Lynch’s situation in Chapter 7? What response did he receive?
5. For what reason was Hank Paulson angry when he heard about the JP Morgan and Bear Stearns deal in Chapter 2?
6. How does Andrew Ross Sorkin explain the underlying cause of the sub-prime mortgage crisis of 2008 in the Prologue of Too Big to Fail?
7. What was John Thain’s plan for turning around Merrill Lynch after his acceptance of the role as CEO in Chapter 7?
8. How does the author describe David Einhorn in Chapter 5?
9. How does the author describe Jamie Dimon’s position in the Bear Stearns deal in Chapter 3?
10. Who was let go from Lehman Brothers during an executive committee meeting in Chapter 6?
This section contains 863 words
(approx. 3 pages at 300 words per page)