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

2. Where was the hedge fund Peloton based?

3. Who did John Thain replace in his position as CEO in 2007, as described by the author in Chapter 7?

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

5. Hank Paulson joined Goldman Sachs covering large industrial companies in the Midwest in what year?

Short Essay Questions

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

2. How does the author describe Jamie Dimon’s position in the Bear Stearns deal in Chapter 3?

3. What was Hank Paulson’s first concern regarding the possibility of failure of Lehman Brothers, according to the author in Chapter 4?

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

5. Who was let go from Lehman Brothers during an executive committee meeting in Chapter 6?

6. How did Henry Paulson come about encountering the Goldman Sachs executives in Chapter 9?

7. 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?

8. What executive meeting does the author describe in the opening of Chapter 9? Where did the meeting take place?

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

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

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

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 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?

(see the answer keys)

This section contains 893 words (approx. 3 pages at 300 words per page) View a FREE sample