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

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 - Hard

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 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. From which hedge fund mogul had Scott Friedheim recently bought a black GMC Denali outfitted with internet access and a chauffeur in Chapter 6?

2. On what morning does the author describe Jamie Dimon awakening after an emergency meeting at the Federal Reserve Bank of New York with a dozen of his rival Wall Street CEOs in the beginning of the Prologue?

3. 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”?

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

5. Hank Paulson and his staff prepared a secret plan for how to deal with the situation in Chapter 4. Their plan proposed that should the banks fail, the Treasury Department would purchase up to how many of the bad assets of the banks in order to stabilize the market?

Short Essay Questions

1. How does the author describe David Einhorn in Chapter 5?

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

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

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

6. What was John Thain’s plan for turning around Merrill Lynch after his acceptance of the role as CEO in Chapter 7?

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

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. What was the impact of David Einhorn’s speech regarding Lehman Brothers’ assets in Chapter 5?

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Discuss the biography and careers of Henry Paulson and George W. Bush. When did George W. Bush ask Henry Paulson to consider taking the position of U.S. Secretary of the Treasury? How did others perceive this nomination in Washington? What happened to Paulson’s stock in Goldman Sachs?

Essay Topic 2

Discuss Lehman Brothers’ portfolio and assets in 2008 and analyze the downfall of Lehman Brothers and their problems on the books prior to their file for bankruptcy. How did sub-prime mortgage trading influence the problems that Lehman faced in 2008?

Essay Topic 3

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?

(see the answer keys)

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