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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. With what country had Dick Fuld been working for a month to secure capital for Lehman in Chapter 6?
(a) Vietnam
(b) Japan
(c) South Korea
(d) China

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?
(a) The salvation rule
(b) The uptick rule
(c) The cutback rule
(d) The downdraft rule

3. Where did Dick Fuld receive his B.A. and B.S. in 1969?
(a) The University of Colorado at Boulder
(b) The University of Idaho at Boise
(c) The University of Arizona at Flagstaff
(d) The University of Washington at Tacoma

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?
(a) Wells Fargo
(b) Goldman Sachs
(c) Barclays
(d) Wachovia

5. What were the quarterly losses that were announced at Lehman Brothers on June 9, 2008?
(a) $2.8 billion
(b) $1.7 billion
(c) $3.6 billion
(d) $2.2 billion

Short Answer Questions

1. Where was Dick Fuld born?

2. 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?

3. In 2008, AIG had grown into one of the world’s largest financial companies, with more than how much worth of assets on its books?

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

5. Who was the head of communications at Lehman Brothers in Chapter 6?

Short Essay Questions

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

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

3. Who did Bob Steel contact to discuss the Lehman Brothers problem in Chapter 4? What response did he get?

4. 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?

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

6. 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?

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

8. What was the result of spreading sub-prime mortgages across the spectrum of the investment world, according to the author in the Prologue?

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

10. What advice did Skip McGee give to Dick Fuld in Chapter 6? How did Fuld respond?

(see the answer keys)

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