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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. Howie Rubin is picked up by which company when he is fired from Merrill Lynch?

2. Drexel Burnham runs an ad in the Wall Street journal showing two men _____.

3. Lewis characterizes the sprinting rabbit statue at the new London office as a _____.

4. A guiding principle of Salomon Brothers that Tom Strauss iterates to the author is that customers have _____.

5. What is it called when occupants of an upmarket property buy out the owner-developer who repays his government loan?

Short Essay Questions

1. How is Howie Rubin thought of at Salomon Brothers? Why?

2. How does Lewie Ranieri feel about Michael Milken? How does this differ from John Gutfreund's opinion of him?

3. Why do costs at Salomon Brothers seem to suddenly matter in 1985?

4. What is the particular need of thrifts in terms of investing in the mortgage bond market?

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

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

7. The author is convinced that the worst thing a man can do with a telephone without breaking the law is what?

8. What characterizes Stu Willicker's leadership style?

9. What is a tombstone and how does it apply to the German interest warrant created by the author and Alexander?

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Describe the evolution of the mortgage trading department at Salomon Brothers. Who came up with the idea to develop that department? Who saw it through the hard times? What were some of the stumbling blocks that had to be overcome to make mortgages viable for trading? How does it finally become successful?

Essay Topic 2

What does the author learn from Dash Riprock and Alexander at his job as a bond salesman in London? How are they different? What is Dash's telephone style?How is Alexander so easily able to read markets?

Essay Topic 3

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?

(see the answer keys)

This section contains 864 words (approx. 3 pages at 300 words per page) View a FREE sample