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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. In the mid-1980s, Bob Willumstad was rising through the executive ranks of what financial corporation?
2. According to the author in Chapter 1, Henry Paulson called and informed Dick Fuld that Bear Stearns collapsed and would be bought by what investment company?
3. Warren Buffett is the primary shareholder, chairman and CEO of what American multinational conglomerate holding company?
4. What reporter wrote the story about Lehman that he described in Chapter 6 as “the worst betrayal of my career”?
5. According to the author in Chapter 3, Bob Steel knew he would face scrutiny from which U.S. senator who opposed government intervention in the markets?
Short Essay Questions
1. How does the author describe Jamie Dimon’s position in the Bear Stearns deal in Chapter 3?
2. How does the author describe Bob Steel in Chapter 3? Why was Bob Steel in a tough position?
3. How was Hank Paulson’s rise to the post of Treasury Secretary described in Chapter 2?
4. Who was let go from Lehman Brothers during an executive committee meeting in Chapter 6?
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 did Henry Paulson come about encountering the Goldman Sachs executives in Chapter 9?
7. What suggestion did Hank Paulson make to Dick Fuld regarding Lehman Brothers’ holdings in Chapter 2? How did Fuld respond?
8. What was Hank Paulson’s first concern regarding the possibility of failure of Lehman Brothers, according to the author in Chapter 4?
9. How was Lehman Brothers impacted by the news of Bear Stearns’ collapse, according to the author in Chapter 1? What actions did the company take?
10. How is Dick Fuld’s career described in Chapter 1? Who did Fuld choose as his right-hand-man at Lehman Brothers?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Discuss Jim Cramer and CNBC, as well as the influence of journalism on Wall Street. How much of the dealings on Wall Street are based on media speculation? How powerful is this speculation? How respected is Jim Cramer in this regard?
Essay Topic 2
Discuss the biography and career of Michael Bloomberg. Prior to running for New York City Mayor, what was Bloomberg’s principle profession? How does Bloomberg’s wealth rate amongst the wealthiest individuals in the U.S.? How was Bloomberg involved in the crisis of 2008?
Essay Topic 3
Discuss the biography and career of John Thain and the history of Merrill Lynch. How did Merrill Lynch’s status as a “brokerage firm” differ from the statuses of banks? When was the company established? What was its standing in 2008 as the financial world anticipated the downfall of Lehman Brothers?
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This section contains 984 words (approx. 4 pages at 300 words per page) |
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