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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. What was the title of the article from the Wall Street Journal that Dick Fuld called “the worst betrayal of my career” in Chapter 6?
2. David Einhorn was the founder and president of what hedge fund?
3. What does AIG stand for?
4. According to the author in Chapter 3, Bob Steel knew he would face scrutiny from which U.S. senator who opposed government intervention in the markets?
5. With all eyes on Lehman after the Bear collapse, Hank Paulson suggested to Dick Fuld that it would be a good idea for Lehman to increase its holdings of what to shore up confidence in the bank?
Short Essay Questions
1. What decisions came out of the meeting described in Chapter 9?
2. What did Jamie Dimon inform his executive staff after attending the meeting described in the Prologue?
3. How does the author describe AIG’s establishment and history in Chapter 8?
4. Who did Bob Steel contact to discuss the Lehman Brothers problem in Chapter 4? What response did he get?
5. Why did Dick Fuld meet with other Lehman executives and Jim Cramer in Chapter 5? How did this meeting turn out?
6. What executive meeting does the author describe in the opening of Chapter 9? Where did the meeting take place?
7. For what reason was Hank Paulson angry when he heard about the JP Morgan and Bear Stearns deal in Chapter 2?
8. What was the result of spreading sub-prime mortgages across the spectrum of the investment world, according to the author in the Prologue?
9. What was the impact of David Einhorn’s speech regarding Lehman Brothers’ assets in Chapter 5?
10. What suggestion did Hank Paulson make to Dick Fuld regarding Lehman Brothers’ holdings in Chapter 2? How did Fuld respond?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Discuss Dick Fuld’s objectives and obstacles in Chapter 6. How did Fuld feel about letting go of his top executives? Who made this suggestion to Fuld? How did Erin Callan and Joe Gregory respond to the situation?
Essay Topic 2
Discuss Jamie Dimon’s role as CEO of JP Morgan and his influences in the 2008 financial crisis. How did Dimon respond to the news he received in the Prologue of the narrative? Why?
Essay Topic 3
Discuss Henry Paulson’s plan for the Treasury Department to purchase up to $500 billion of the bad assets off the banks in order to stabilize the markets. What flaws can be seen in this plan? In what ways would it benefit Wall Street? In what ways would it benefit the American public?
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This section contains 950 words (approx. 4 pages at 300 words per page) |
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