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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. 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?
2. Larry Fink was described in Chapter12 as being from what financial institution?
3. What is the address of the New York Federal Reserve Building?
4. John Thain thought in Chapter 14 as he pulled up to the New York Federal Reserve Building that the last time he’d been there was during the rescue of Long-Term Capital Management in what year?
5. What headline on the Wall Street Journal was nagging at John Mack in the beginning of Chapter 17?
Short Essay Questions
1. What plan was announced by Henry Paulson and drafted into a bill in Chapter 18?
2. What plan was developed in order to address the problem of AIG in Chapter 16?
3. On what date does the author open Chapter 19? What had happened to the stocks of Goldman Sachs and Morgan Stanley on this date?
4. What was discussed in the meeting between Dick Fuld and Timothy Geithner in Chapter 10?
5. What led to the cease of negotiations between Lehman and its potential investor in Chapter 11?
6. How was the meeting between Dick Fuld and John Mack described in Chapter 10?
7. How did the deal between Bank of America and Merrill Lynch influence John Mack’s actions in Chapter 15?
8. How much capital was AIG able to raise in Chapter 14? How much were they short?
9. How did John Mack respond to the announcement by Henry Paulson in Chapter 18?
10. How did Timothy Geithner break the CEOs into groups in Chapter 14? What was their assignment?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
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 2
Discuss Jamie Dimon’s role as CEO of JP Morgan and his influences in the 2008 financial crisis. How did Dimon respond to the news he received in the Prologue of the narrative? Why?
Essay Topic 3
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?
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This section contains 946 words (approx. 4 pages at 300 words per page) |
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