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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 went to Michael Bloomberg and proposed that Bloomberg buy back what percent of his company from the bank in Chapter 7?

2. Jamie Dimon told Hank Paulson that JP Morgan had upped its offer from $2 per share to what in Chapter 2?

3. John Thain was described as the CEO of which investment banking and wealth management firm in Chapter 7?

4. Who was the founder of the company that would become AIG?

5. By what nickname is Warren Buffett known in the financial world?

Short Essay Questions

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

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

3. Why did Dick Fuld meet with other Lehman executives and Jim Cramer in Chapter 5? How did this meeting turn out?

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

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

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

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

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

9. How does the author describe Bob Steel in Chapter 3? Why was Bob Steel in a tough position?

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Discuss the career and biography of Lloyd Blankfein and the history of Goldman Sachs. When did Blankfein replace Henry Paulson as CEO of the company? How did Goldman Sachs change under Blankfein’s leadership?

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

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?

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