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

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 - Medium

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 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. Bob Willumstad was a third-generation son of immigrants from where?
(a) Germany
(b) Norway
(c) Iceland
(d) Poland

2. John Thain went to Michael Bloomberg and proposed that Bloomberg buy back what percent of his company from the bank in Chapter 7?
(a) 20%
(b) 10%
(c) 50%
(d) 35%

3. According to the author in Chapter 6, Scott Friedheim was an executive in whose mold?
(a) Joe Gregory’s
(b) Warren Buffett’s
(c) Ben Bernanke’s
(d) Arnold Swarzanegger’s

4. Dick Fuld had been pressing what old friend and former Chairman of AIG to put money into Lehman Brothers in Chapter 6?
(a) Frank Zarb
(b) Charlie Scharf
(c) Brian Moynihan
(d) Hank Greenberg

5. When did FAS 157 become effective?
(a) June 28, 2005
(b) August 1, 2004
(c) May 9, 2006
(d) November 15, 2007

Short Answer Questions

1. When was Warren Buffett born?

2. By what name is the regulation that “had been introduced by the Securities and Exchange Commission in 1938 to prevent investors from continually shorting a stock that was falling” called?

3. How much was oil going for per barrel according to the author in Chapter 9?

4. With what country had Dick Fuld been working for a month to secure capital for Lehman in Chapter 6?

5. How old was David Einhorn described as being when he prepared for a speech at the Ira W. Sohn Investment Research Conference in Chapter 5?

Short Essay Questions

1. What did Jamie Dimon inform his executive staff after attending the meeting described in the Prologue?

2. Who did Bob Willumstad replace as CEO of AIG? How does the author describe Hank Greenberg’s thoughts on this transition in Chapter 8?

3. What suggestion did Hank Paulson make to Dick Fuld regarding Lehman Brothers’ holdings in Chapter 2? How did Fuld respond?

4. 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?

5. 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?

6. How was Hank Paulson’s rise to the post of Treasury Secretary described in Chapter 2?

7. How does the author describe John Thain’s rise in the financial world in Chapter 7?

8. 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?

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

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

(see the answer keys)

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