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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 was the head of communications at Lehman Brothers in Chapter 6?
2. Where was Dick Fuld visiting when he received an urgent call from Henry Paulson regarding the collapse of the fifth largest investment bank in the U.S., according to the author in Chapter 1?
3. Timothy Geithner was the President of the Federal Reserve Bank of New York during what years?
4. Who was Dick Fuld’s mentor at the global financial services firm where he began working and later led the company for much of his career?
5. According to the author in Chapter 3, Geithner kept Jamie Dimon from abandoning the negotiations with Bear Stearns by working out a deal where the Federal Reserve lent money to Bear Stearns through JP Morgan, guaranteeing Morgan against how much in losses?
Short Essay Questions
1. When was AIG’s Financial Products department developed, according to the author in Chapter 8? How successful was this department?
2. Why did Dick Fuld meet with other Lehman executives and Jim Cramer in Chapter 5? How did this meeting turn out?
3. What was John Thain’s plan for turning around Merrill Lynch after his acceptance of the role as CEO in Chapter 7?
4. What was the impact of David Einhorn’s speech regarding Lehman Brothers’ assets in Chapter 5?
5. What was Hank Paulson’s first concern regarding the possibility of failure of Lehman Brothers, according to the author in Chapter 4?
6. How is Timothy Geithner characterized in Chapter 3? What position did he hold at the Federal Reserve?
7. What was the result of spreading sub-prime mortgages across the spectrum of the investment world, according to the author in the Prologue?
8. What executive meeting does the author describe in the opening of Chapter 9? Where did the meeting take place?
9. To whom did John Thain turn for help with Merrill Lynch’s situation in Chapter 7? What response did he receive?
10. How does the author describe AIG’s establishment and history in Chapter 8?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Discuss the history and role of the United States Federal Reserve and its involvement in the Great Recession of 2008. How did the Fed attempt to resolve the situation of the failing banks? Who was Chairman of the Federal Reserve in 2008? Who is Chairman today?
Essay Topic 2
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 3
Discuss the biography and career of Dick Fuld and the origins and history of Lehman Brothers Holdings Inc. When and where was Lehman Brothers established? How did the institution come to be the fourth-largest investment bank in the U.S.? When did Fuld become CEO?
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This section contains 913 words (approx. 4 pages at 300 words per page) |
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