Liar's Poker: Rising Through the Wreckage on Wall Street Test | Final Test - Hard

Michael Lewis (author)
This set of Lesson Plans consists of approximately 116 pages of tests, essay questions, lessons, and other teaching materials.
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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. Where does Dash see a painting that he wants?

2. The author and Alexander orchestrate the a second security after "the opportunist" steals credit for the first involving the interest rate of which country?

3. What is the biggest most expensive real estate project in Manhattan on which Salomon Brothers bails out at a $107 million loss?

4. Ranieri says Bill Voute always has a _____.

5. How much debt does the savings and loan companies seem to want to sell in 1981?

Short Essay Questions

1. What is happening in colleges in Britain by the end of 1986?

2. How does Bear Stearns take the $250 million loss that Howie Rubin incurs at Merrill Lynch?

3. What is drifting away from Salomon Brothers and toward Drexel Burnham in 1987? Why?

4. What is the relationship of IOs and POs to the market?

5. From the moment the Federal Reserve lifted interest rates in October 1979, what happens to the thrifts?

6. Who took the hit for the AT&T bond loss that the author advised Herman on?

7. Why do thrifts come back for more, even though they don't understand what is happening to their loans in the mortgage bond market?

8. What are the two kinds of friction at Salomon Brothers?

9. Does Michael Milken consider himself a part of Drexel Burnham?

10. As the author gains more experience working in London, what does he think interests European traders that differs from American traders?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Describe the deal that the author and Alexander create on the security they invent involving German interest rates. How does the "the opportunist" offer to help them? How does "the opportunist" try to take credit for their idea? How does the author retaliate and what is the final outcome of the situation?

Essay Topic 2

What happens when the author interviews for Lehman Brothers? Why does he interview for Lehman Brothers? Who comes to interview him? What does he say that affects the outcome of the interview? Why is the author perplexed at the reaction the interviewers have to his answer to their question?

Essay Topic 3

How is Lewie Ranieri fired? Why is he fired? Who does he blame for his being fired? Why? What reasons are given by Gutfreund for his dismissal? Why is he not let into the building after he is fired?

(see the answer keys)

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