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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. Who was the head of communications at Lehman Brothers in Chapter 6?
3. Where was Dick Fuld visiting when he received an urgent call from Henry Paulson regarding the collapse of the fifth largest investment bank in the U.S., according to the author in Chapter 1?
4. John Thain went to Michael Bloomberg and proposed that Bloomberg buy back what percent of his company from the bank in Chapter 7?
5. Who was described as the Chief Financial Officer at Goldman Sachs in Chapter 9?
Short Essay Questions
1. 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?
2. What was Hank Paulson’s first concern regarding the possibility of failure of Lehman Brothers, according to the author 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. What did Jamie Dimon inform his executive staff after attending the meeting described in the Prologue?
5. What was the impact of David Einhorn’s speech regarding Lehman Brothers’ assets in Chapter 5?
6. When was AIG’s Financial Products department developed, according to the author in Chapter 8? How successful was this department?
7. What was the result of spreading sub-prime mortgages across the spectrum of the investment world, according to the author in the Prologue?
8. How is Timothy Geithner characterized in Chapter 3? What position did he hold at the Federal Reserve?
9. What decisions came out of the meeting described in Chapter 9?
10. To whom did John Thain turn for help with Merrill Lynch’s situation in Chapter 7? What response did he receive?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Describe and analyze the testimonies of Timothy Geithner, Bob Steel, Jamie Dimon, and Ben Bernanke before the Senate Banking Committee in 2008. How did the media interpret these testimonies during this time? What was the public response?
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
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?
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This section contains 920 words (approx. 4 pages at 300 words per page) |
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