Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the FinancialSystem--and Themselves Test | Mid-Book Test - Medium

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 | Mid-Book Test - Medium

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 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. According to the author in Chapter 5, Jim Cramer, a media star, was solidly Harvard and counted as one of his best friends which individual called “the bane of Wall Street”?
(a) Ron Beller
(b) Eliot Spitzer
(c) Kevin Warsh
(d) Jim Cracchiolo

2. Hank Paulson and his staff prepared a secret plan for how to deal with the situation in Chapter 4. Their plan proposed that should the banks fail, the Treasury Department would purchase up to how many of the bad assets of the banks in order to stabilize the market?
(a) $500 billion
(b) $100 billion
(c) $200 billion
(d) $300 billion

3. Where did Hank Paulson earn his B.A. in English?
(a) Stanford University
(b) Dartmouth College
(c) Harvard University
(d) Yale University

4. What was the Chairman of the Board of AIG’s outside law firm in Chapter 8?
(a) Simpson Thacher & Bartlett
(b) Michaels, Frederick & Williams
(c) Stephens, Jones, and Thompson
(d) Richards, Abbot & James

5. What was the largest and most prestigious investment bank in the nation that Jamie Dimon advised his staff could possibly file bankruptcy in the Prologue?
(a) Wachovia
(b) Wells Fargo
(c) Barclays
(d) Goldman Sachs

Short Answer Questions

1. How much was oil going for per barrel according to the author in Chapter 9?

2. John Thain was described as the CEO of which investment banking and wealth management firm in Chapter 7?

3. John Thain went to Michael Bloomberg and proposed that Bloomberg buy back what percent of his company from the bank in Chapter 7?

4. Who did Dick Fuld choose as his right-hand-man when he became CEO of a leading global financial services firm?

5. With what country had Dick Fuld been working for a month to secure capital for Lehman in Chapter 6?

Short Essay Questions

1. What was John Thain’s plan for turning around Merrill Lynch after his acceptance of the role as CEO in Chapter 7?

2. What was the impact of David Einhorn’s speech regarding Lehman Brothers’ assets in Chapter 5?

3. How is Dick Fuld’s career described in Chapter 1? Who did Fuld choose as his right-hand-man at Lehman Brothers?

4. How does the author describe Bob Steel in Chapter 3? Why was Bob Steel in a tough position?

5. What meeting does the author describe Jamie Dimon attending in the Prologue of Too Big to Fail?

6. For what reason was Hank Paulson angry when he heard about the JP Morgan and Bear Stearns deal in Chapter 2?

7. How does Andrew Ross Sorkin explain the underlying cause of the sub-prime mortgage crisis of 2008 in the Prologue of Too Big to Fail?

8. How did Henry Paulson come about encountering the Goldman Sachs executives in Chapter 9?

9. What executive meeting does the author describe in the opening of Chapter 9? Where did the meeting take place?

10. What was Hank Paulson’s first concern regarding the possibility of failure of Lehman Brothers, according to the author in Chapter 4?

(see the answer keys)

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