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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. Who was the Chairman of the Federal Reserve in 2008?

2. Where was Dick Fuld born?

3. AIG began with what name in a small office in Shanghai in 1919?

4. In what year does the author state Long-Term Capital Management blew up in Chapter 5?

5. What reporter wrote the story about Lehman that he described in Chapter 6 as “the worst betrayal of my career”?

Short Essay Questions

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

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

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

4. What did Jamie Dimon inform his executive staff after attending the meeting described in the Prologue?

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

6. How was Hank Paulson’s rise to the post of Treasury Secretary described in Chapter 2?

7. 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?

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

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Discuss Dick Fuld’s objectives and obstacles in Chapter 6. How did Fuld feel about letting go of his top executives? Who made this suggestion to Fuld? How did Erin Callan and Joe Gregory respond to the situation?

Essay Topic 2

Discuss Dick Fuld’s reasons for meeting with Jim Cramer in Chapter 5. What did Fuld hope to accomplish in this meeting? Was he successful? Why or why not?

Essay Topic 3

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?

(see the answer keys)

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