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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. Chapter 15 begins with the author’s description of the combined efforts to save Lehman Brothers beginning on what date?
2. What is the common name for the Federal Home Loan Mortgage Corporation?
3. 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?
4. Who was described as the head of Northern Trust in Chapter 17?
5. Regarding the problems at AIG, the plan that was finally put in place was for the government to take over 80% of AIG in exchange for a loan of how much?
Short Essay Questions
1. With whom were Lehman Brothers in negotiations with in Chapter 11? Who led the negotiations?
2. What led to the cease of negotiations between Lehman and its potential investor in Chapter 11?
3. What events does the author describe taking place on September 10, 2008, in the opening of Chapter 13?
4. How did Greg Fleming respond when he heard that Bank of America was considering buying Lehman Brothers in Chapter 13?
5. What was Dick Fuld’s last resort option that he discussed with Henry Paulson in Chapter 10?
6. What were the principle causes for Dick Fuld’s increasing stress in the beginning of Chapter 12?
7. What was the purpose of the meeting between the government officials and top CEOs in Chapter 14?
8. On what date does the author open Chapter 19? What had happened to the stocks of Goldman Sachs and Morgan Stanley on this date?
9. What did JP Morgan plan in order to deal with the Lehman Brothers’ problem in Chapter 12?
10. What did Henry Paulson respond when solicited for help from Bob Diamond and Ken Lewis in Chapter 13?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Define and discuss “sub-prime mortgages” and their employment as backing for securities in the stock exchange. When did this action begin on Wall Street? What regulations and/or laws allowed the exchange of sub-prime mortgages and what were the effects of their exchange?
Essay Topic 2
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 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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This section contains 901 words (approx. 4 pages at 300 words per page) |
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