View a FREE sample

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

Short Answer Questions

1. 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?

2. What refers to a security interest in real property held by a lender as a security for a debt?

3. What were the quarterly losses that were announced at Lehman Brothers on June 9, 2008?

4. 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?

5. Lloyd Blankfein had assembled a meeting of the board of Goldman Sachs where in Chapter 9?

Short Essay Questions

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

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

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

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

5. 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?

6. How does the author describe Bob Steel in Chapter 3? Why was Bob Steel in a tough position?

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

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

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

10. How is Timothy Geithner characterized in Chapter 3? What position did he hold at the Federal Reserve?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Define and discuss “sub-prime mortgages” and their employment as backing for securities in the stock exchange. When did this action begin on Wall Street? What regulations and/or laws allowed the exchange of sub-prime mortgages and what were the effects of their exchange?

Essay Topic 2

Discuss the negotiations between Lehman Brothers and JP Morgan in Chapter 12. Why did JP Morgan decide to ask for more collateral from Lehman? What impact did this have on Lehman’s assets and its future? What role did Steven Black play in the negotiations?

Essay Topic 3

Discuss the history and role of the United States Federal Reserve and its involvement in the Great Recession of 2008. How did the Fed attempt to resolve the situation of the failing banks? Who was Chairman of the Federal Reserve in 2008? Who is Chairman today?

(see the answer keys)

This section contains 978 words (approx. 4 pages at 300 words per page) View a FREE sample