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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 is described in Chapter 12 as “a former Republican representative from New York, whom Dimon had hired as executive vice president of global government relations and public policy”?

2. At the end of Chapter 13, AIG went to Jamie Dimon of what banking institution with an urgent call for help?

3. What is the common name for the Federal Home Loan Mortgage Corporation?

4. Who was described as the Managing Director of Westwood Capital LLC in Chapter 11?

5. 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?

Short Essay Questions

1. What was the outcome after the bailout of AIG, according to the author in Chapter 17?

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

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

4. What was discussed in the meeting between Dick Fuld and Timothy Geithner in Chapter 10?

5. How did Greg Fleming respond when he heard that Bank of America was considering buying Lehman Brothers in Chapter 13?

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

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

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

9. With whom were Lehman Brothers in negotiations with in Chapter 11? Who led the negotiations?

10. What were the principle causes for Dick Fuld’s increasing stress in the beginning of Chapter 12?

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 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 3

Discuss Henry Paulson’s plea to Congress in order to save Freddie Mac and Fannie Mae. What were the results of this plea? How did the public respond to the bailouts? What did the bailouts entail?

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