The Big Short: Inside the Doomsday Machine Test | Final Test - Easy

Michael Lewis (author)
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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. A percentage of FrontPoint was owned by what major investment firm?
(a) Merrill Lynch.
(b) Citigroup.
(c) Wachovia.
(d) Morgan Stanley.

2. In the Epilogue, Michael Lewis tells his readers about a lunch meeting he had with his former CEO at what company?
(a) Oppenheimer and Co.
(b) Salomon Brothers.
(c) Merrill Lynch.
(d) Bear Sterns.

3. The contract with which one of Scion's original investors was coming up in Chapter 8?
(a) Wachovia.
(b) Citigroup.
(c) Gotham.
(d) Merrill Lynch.

4. What does the SEC refer to?
(a) Special Experts Conglomerate.
(b) Securities and Exchange Commission.
(c) Sellers and Engineers Committee.
(d) Speculators and Experts Council.

5. Howie Hubler's company was so impressed with Hubler that they made him a unique deal by giving him what within their company in Chapter 9?
(a) A money management firm.
(b) Free investments.
(c) A house.
(d) An extraordary bonus.

6. Who asked Howie Hubler for money owed Deutsche Bank on the CDOs purchased from Hubler in Chapter 9?
(a) Greg Lippmann.
(b) James Wilson.
(c) John Mack.
(d) Bernie Madoff.

7. Who is the 29th chairperson of the SEC?
(a) William H. Donaldson.
(b) Christopher Cox.
(c) Gerald Robinson.
(d) Mary Schapiro.

8. Who had the bright idea to set up a fund to sue the rating companies whom they blamed for the fiasco in Chapter 10?
(a) Charlie Ledley.
(b) Michael Burry.
(c) James Eastman.
(d) Michael Lewis.

9. In Chapter 7, Steve Eisman learned that the rating companies were working with the same information as who?
(a) Himself.
(b) The investors.
(c) The government.
(d) The Chinese.

10. What was the profession of Michael Lewis' mother?
(a) Teacher.
(b) Doctor.
(c) Lawyer.
(d) Community activist.

11. In Chapter 10, one of whose partners had a panic attack as he tried to keep his eye on the investments his fund had made in shorting the Wall Street banks?
(a) Steve Eisman's.
(b) Michael Lewis'.
(c) James Jackson's.
(d) Andrew Warner's.

12. What did "NASDAQ" originally stand for?
(a) National Association of Securities Dealers Automated Quotations.
(b) Numbering Association of Stock Dealers Automated Quotations.
(c) National Association of Specialized Dealers in Automotive Quotations.
(d) National Assets of Securities Dealers Automated Queries.

13. At the conference in Chapter 6, Charlie Ledley spoke a man from what company that would eventually do business with Ledley's hedge fund?
(a) Morgan Stanley.
(b) Bear Stearns.
(c) AIG FP.
(d) Wachovia.

14. Cornwall Capital Management began quickly selling their CDOs in Chapter 9 because they were suddenly concerned with whose ability to pay?
(a) Bear Stearns'.
(b) Wachovia's.
(c) Citigroup's.
(d) Merrill Lynch's.

15. Reluctant to lose out on what Michael Burry was convinced would be a profitable investment, what did he do with his CDSs to keep his investors from taking their money back in Chapter 8?
(a) Side pocketed them.
(b) Sold them.
(c) Released them.
(d) Bought them.

Short Answer Questions

1. Cornwall Capital Management ended with more than how much in CDOs in Chapter 7?

2. Analysts from where revealed to Eisman that no one truly understood these CDOs in Chapter 6?

3. How much money did Howie Hubler owe Deutsche Bank on the CDOs purchased from Hubler in Chapter 9?

4. When did Morgan Stanley purchase Smith Barney from Citigroup?

5. In his Epilogue, what does the author amount to billion dollar gifts paid for by the American people?

(see the answer keys)

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