Geithner: AIG Failure Might Have Caused 'Mass Panic'

Geithner: AIG Failure Might Have Caused 'Mass Panic'

Assessment

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Business, Social Studies

University

Hard

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Tim Geithner testified about the financial crisis, recalling key moments and decisions made during his time as New York Fed president. The testimony, led by attorney David Boies, explored the government's actions with AIG, questioning if they were excessively harsh. Geithner, a critical figure in the negotiations, answered questions directly, maintaining a cordial tone. The trial also referenced Geithner's book, with Boies challenging his beliefs. Hank Greenberg, represented by his legal team, was not present.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the demeanor of Tim Geithner during his testimony?

He is angry and defensive.

He is confused and forgetful.

He is slow and deliberate.

He is enthusiastic and eager.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main argument presented by Hank Greenberg's side?

The government was too lenient with AIG.

The government acted constitutionally.

The government's deal was excessively harsh.

The government had no involvement with AIG.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role did Tim Geithner play in the AIG negotiations?

He was a critical player, more important than Hank Paulson.

He opposed the negotiations entirely.

He was a minor player with little influence.

He was not involved in the negotiations.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does Boies challenge Geithner during the testimony?

By referencing Geithner's book and questioning his beliefs.

By accusing him of lying under oath.

By asking about his role in the Fed.

By questioning his memory of the crisis.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Is Hank Greenberg present at the trial?

No, and his legal team is also absent.

No, but his legal team is present.

Yes, he is actively participating.

Yes, but he is not involved in the questioning.