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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 described as the Managing Director of Westwood Capital LLC in Chapter 11?

2. Who did Dick Fuld contact at the Federal Reserve about Lehman Brothers possibly becoming a bank company in Chapter 10?

3. As part of the plan for dealing with AIG’s problems, Bob Willumstad would be replaced as CEO of AIG by who, according to the author in Chapter 16?

4. Who was the head of JP Morgan’s Consumer Business department, according to the author in Chapter 12?

5. What giant money market fund had “broken the buck a day earlier” in Chapter 17?

Short Essay Questions

1. What events does the author describe taking place on September 10, 2008, in the opening of Chapter 13?

2. What happened with the deal between Lehman Brothers and Barclays in Chapter 15?

3. How did Timothy Geithner break the CEOs into groups in Chapter 14? What was their assignment?

4. How was the meeting between Dick Fuld and John Mack described in Chapter 10?

5. What plan was announced by Henry Paulson and drafted into a bill in Chapter 18?

6. What were the conclusions that were found by the CEOs in Chapter 16? How did they report this news to Geithner?

7. What was the purpose of the meeting between the government officials and top CEOs in Chapter 14?

8. What did Henry Paulson decide to do when Fannie Mae and Freddie Mac continued to deteriorate in Chapter 11?

9. What was the purpose of the meeting that Tim Geithner called in Chapter 16? Who was called to this meeting?

10. What was Dick Fuld’s last resort option that he discussed with Henry Paulson in Chapter 10?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

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 2

Discuss the impact of the fining of AIG by the federal regulators in 2007. How did this action affect the assets and standing of the company? How did leadership change in the company based on the violations? Why was the company fined?

Essay Topic 3

Discuss Henry Paulson’s plan for the Treasury Department to purchase up to $500 billion of the bad assets off the banks in order to stabilize the markets. What flaws can be seen in this plan? In what ways would it benefit Wall Street? In what ways would it benefit the American public?

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