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

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 | Final Test - Hard

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 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. During the meeting of the top bankers at the New York Federal Reserve Building in Chapter 14, the bankers quickly renamed the company called SpinCo as what?

2. Who was described by the author in Chapter 14 as Bank of America’s President of Global Corporate and Investment Banking?

3. Jim Cracchiolo was described as the head of what institution in Chapter 17?

4. Who is described in Chapter 12 as the Chairman of the Financial Services Commission in Korea?

5. What does CIC stand for?

Short Essay Questions

1. What was discussed in the meeting between Dick Fuld and Timothy Geithner in Chapter 10?

2. What were the conclusions that were found by the CEOs in Chapter 16? How did they report this news to Geithner?

3. What plan was revisited by Henry Paulson’s team in the aftermath of the AIG bailout in Chapter 17?

4. What was the purpose of the meeting between the government officials and top CEOs in Chapter 14?

5. How did the deal between Bank of America and Merrill Lynch influence John Mack’s actions in Chapter 15?

6. What did JP Morgan plan in order to deal with the Lehman Brothers’ problem in Chapter 12?

7. How much capital was AIG able to raise in Chapter 14? How much were they short?

8. What did Dick Fuld learn about the outcome of the governmental/CEO meeting in Chapter 15?

9. What did Ben Bernanke and Henry Paulson present to Congress as their solution to the banking problems in Chapter 17?

10. What was the purpose of the meeting that Tim Geithner called in Chapter 16? Who was called to this meeting?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Discuss the history of Lehman Brothers from its inception in the 1800s to its demise in 2008. What choices were made within the company that can be seen as attributing to its downfall and bankruptcy? How involved was Dick Fuld in making these decisions? Who else was integral in decision making?

Essay Topic 2

Discuss the biography and career of John Thain and the history of Merrill Lynch. How did Merrill Lynch’s status as a “brokerage firm” differ from the statuses of banks? When was the company established? What was its standing in 2008 as the financial world anticipated the downfall of Lehman Brothers?

Essay Topic 3

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?

(see the answer keys)

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