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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. What floor at Salomon brothers is said to have low ceilings, no windows, and the charm of an engine room?

2. According to Lewis, the better an analyst gets at his job, the nearer he seems to ______.

3. William Simon becomes the secretary of the U.S. Treasury under which president?

4. According to the book, investment banking candidates are expected to be _______.

5. What is the nickname for the Government National Mortgage Association?

Short Essay Questions

1. What is the "3-6-3 Club"?

2. Why is Lewie Ranieri so loyal to Salomon Brothers?

3. How does the author manage to get a connection into Salomon Brothers?

4. Why is the treasury trader king at Salomon Brothers?

5. What effect does allowing the back row of the Salomon Brothers training program to create anarchy have on the company?

6. Describe the home-buying imbalance of the Rust Belt and the Sun Belt.

7. What happens as a result of the surge in the number of students who get economics degrees?

8. What do the trainees have planned for the morning Gutfreund is supposed to speak to the class?

9. Why does one of the female trainees become the first person to finally talk to the author in the training program at Salomon Brothers?

10. Why is a single home mortgage considered a messy investment for Wall Street?

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 contributes to the rapid and complete deterioration of Ranieri and Co. at Salomon Brothers? What was the achievement that Ranieri had hoped for in creating the mortgage department? How did the market affect the imbalance between Ranieri and Co. and the rest of the bond trading world?

Essay Topic 3

According to Andy Stone, what effect does Wall Street's tendency to make its best producers into managers have on firms? What happens to managers once they achieve the position? Is it a good system overall?

(see the answer keys)

This section contains 887 words (approx. 3 pages at 300 words per page) View a FREE sample