Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the FinancialSystem--and Themselves Test | Final 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 | Final 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. When did Bob Willumstad accept the position of CEO of AIG?

2. With whom did Dick Fuld meet along with the board of Morgan Stanley in order to find a lifeline for Lehman Brothers in Chapter 10?

3. According to the author in Chapter 14, after the meeting at the New York Federal Reserve Building, “the Morgan Stanley bankers had two related tasks: self-preservation and” what?

4. Who in Chapter 17 was the President of the European Central Bank that had been furious with the decision to “let Lehman fail”?

5. What was referred to as “the good bank-bad bank plan” that McDade was thinking of announcing in Chapter 12?

Short Essay Questions

1. What negotiations took place in the scramble to save Lehman Brothers in Chapter 12?

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

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

4. How did John Mack respond to the announcement by Henry Paulson in Chapter 18?

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

6. What did Dick Fuld learn about the outcome of the governmental/CEO meeting in Chapter 15?

7. What led to the cease of negotiations between Lehman and its potential investor in Chapter 11?

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

9. What plan was developed in order to address the problem of AIG in Chapter 16?

10. What did JP Morgan plan in order to deal with the Lehman Brothers’ problem in Chapter 12?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Discuss the career of David Einhorn and his establishment of Greenlight Capital. When was Greenlight Capital established and how quickly did the company grow? What role did the hedge fund play in the derivatives market and in the downfall of 2008?

Essay Topic 2

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?

Essay Topic 3

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?

(see the answer keys)

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