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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. John Thain is described in Chapter 7 as having worked for Henry Paulson at Goldman Sachs and then as CEO of what company?
2. Where was the hedge fund Peloton based?
3. What was Dick Fuld nicknamed on Wall Street for his competitive nature?
4. Jim Cramer was a popular television celebrity with an influential financial program on what network, according to the author in Chapter 5?
5. According to the author in Chapter 5, Jim Cramer, a media star, was solidly Harvard and counted as one of his best friends which individual called “the bane of Wall Street”?
Short Essay Questions
1. What decisions came out of the meeting described in Chapter 9?
2. How was Hank Paulson’s rise to the post of Treasury Secretary described in Chapter 2?
3. What did Jamie Dimon inform his executive staff after attending the meeting described in the Prologue?
4. What advice did Skip McGee give to Dick Fuld in Chapter 6? How did Fuld respond?
5. What suggestion did Hank Paulson make to Dick Fuld regarding Lehman Brothers’ holdings in Chapter 2? How did Fuld respond?
6. How is Timothy Geithner characterized in Chapter 3? What position did he hold at the Federal Reserve?
7. What was the impact of David Einhorn’s speech regarding Lehman Brothers’ assets in Chapter 5?
8. Why did Dick Fuld meet with other Lehman executives and Jim Cramer in Chapter 5? How did this meeting turn out?
9. 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?
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
Discuss the history and role of the United States Federal Reserve and its involvement in the Great Recession of 2008. How did the Fed attempt to resolve the situation of the failing banks? Who was Chairman of the Federal Reserve in 2008? Who is Chairman today?
Essay Topic 2
Discuss the biography and career of Dick Fuld and the origins and history of Lehman Brothers Holdings Inc. When and where was Lehman Brothers established? How did the institution come to be the fourth-largest investment bank in the U.S.? When did Fuld become CEO?
Essay Topic 3
Discuss Henry Paulson’s plea to Congress in order to save Freddie Mac and Fannie Mae. What were the results of this plea? How did the public respond to the bailouts? What did the bailouts entail?
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This section contains 937 words (approx. 4 pages at 300 words per page) |
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