1. What meeting does the author describe Jamie Dimon attending in the Prologue of Too Big to Fail?
On the evening of September 12, Jamie Dimon and the heads of several other Wall Street executives were called to an emergency meeting at the Federal Reserve Bank of New York where they learned that Lehman Brothers, the fourth largest investment bank in the country, was on the verge of collapse. Dimon and the others were asked to come up with a plan to save the bank.
2. What did Jamie Dimon inform his executive staff after attending the meeting described in the Prologue?
Dimon told his management staff at JP Morgan that the firm must prepare a plan for the possibility that Lehman would file for bankruptcy. He was also worried about other investment banks and told his staff, to their surprise, to prepare even for Goldman Sachs, the largest and most prestigious investment bank, filing bankruptcy.
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