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

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 - Hard

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 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. Where was Dick Fuld born?

2. Who was described as the Chief Financial Officer at Goldman Sachs in Chapter 9?

3. Hank Paulson and his staff prepared a secret plan for how to deal with the situation in Chapter 4. Their plan proposed that should the banks fail, the Treasury Department would purchase up to how many of the bad assets of the banks in order to stabilize the market?

4. Dick Fuld and who called Warren Buffett to ask him to consider investing in Lehman Brothers, according to the author in Chapter 2?

5. Where did Hank Paulson earn his B.A. in English?

Short Essay Questions

1. What was the impact of David Einhorn’s speech regarding Lehman Brothers’ assets in Chapter 5?

2. What was the secret plan that Hank Paulson developed for how to deal with the situation if Lehman Brothers or several banks should begin to fail in Chapter 4?

3. How is Dick Fuld’s career described in Chapter 1? Who did Fuld choose as his right-hand-man at Lehman Brothers?

4. When was AIG’s Financial Products department developed, according to the author in Chapter 8? How successful was this department?

5. What was John Thain’s plan for turning around Merrill Lynch after his acceptance of the role as CEO in Chapter 7?

6. How does the author describe AIG’s establishment and history in Chapter 8?

7. How does the author describe David Einhorn in Chapter 5?

8. What information about Lehman Brothers had been leaked to the Wall Street Journal in Chapter 6? Who was suspected of the leak?

9. What meeting does the author describe Jamie Dimon attending in the Prologue of Too Big to Fail?

10. For what reason was Hank Paulson angry when he heard about the JP Morgan and Bear Stearns deal in Chapter 2?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Discuss the impact of the fining of AIG by the federal regulators in 2007. How did this action affect the assets and standing of the company? How did leadership change in the company based on the violations? Why was the company fined?

Essay Topic 2

Discuss the career of David Einhorn and his establishment of Greenlight Capital. When was Greenlight Capital established and how quickly did the company grow? What role did the hedge fund play in the derivatives market and in the downfall of 2008?

Essay Topic 3

Discuss the career and biography of Lloyd Blankfein and the history of Goldman Sachs. When did Blankfein replace Henry Paulson as CEO of the company? How did Goldman Sachs change under Blankfein’s leadership?

(see the answer keys)

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