View a FREE sample

This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. When was John Gutfreund born?
(a) 1938.
(b) 1953.
(c) 1945.
(d) 1929.

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

3. Who still felt as though he was not receiving the recognition he deserved for his foresight and lucrative investing and decided to quit as a money manager in Chapter 10?
(a) Michael Lewis.
(b) James Eastman.
(c) Charlie Ledley.
(d) Michael Burry.

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

5. What company fell after Bear Sterns in Chapter 10?
(a) Lehman Brothers.
(b) Wachovia.
(c) Chase Bank.
(d) Bank of America.

6. When did Scion Capital close business?
(a) 2009.
(b) 2007.
(c) 2008.
(d) 2006.

7. 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) Bear Stearns.
(b) AIG FP.
(c) Morgan Stanley.
(d) Wachovia.

8. Who was the head of Salomon Brothers' mortgage department in the 1980s and featured in the book Liar's Poker?
(a) James Lewis.
(b) Lewis Ranieri.
(c) Andrew Jackson.
(d) Michael Lewis.

9. Howie Hubler was a bond trader for what company in Chapter 9?
(a) Morgan Stanley.
(b) Bear Sterns.
(c) Wachovia.
(d) Merrill Lynch.

10. Who began shorting the stocks of rating companies as well as many of the CDO managers in Chapter 6?
(a) Charlie Ledley.
(b) Mike Burry.
(c) Steve Eisman.
(d) Jamie Mai.

11. How much did Cornwall Capital Management make from selling its CDOs in Chapter 9?
(a) Over $240 million.
(b) Over $80 million.
(c) Over $120 million.
(d) Over $450 million.

12. What is the title of the book's Epilogue?
(a) The Fall.
(b) Everything is Correlated.
(c) The Last of Wall Street.
(d) Two Men in a Boat.

13. Asperger's syndrome differs from other autistic disorders by its relative preservation of development in what areas?
(a) Linguistic.
(b) Coordination and Linguistic.
(c) Linguistic and cognitive.
(d) Cognitive and spacial.

14. How much did Mike Burry make for his investors from selling his CDSs in Chapter 9?
(a) Over $300 million.
(b) Over $475 million.
(c) Over $750 million.
(d) Over $200 million.

15. What does NASD stand for?
(a) National Assembly of Stock Dealers.
(b) Native Association of Stock Dealers.
(c) Numerical Assembly of Securities Dealers.
(d) National Association of Securities Dealers.

Short Answer Questions

1. What does FINRA stand for?

2. What is a spectrum of psychological conditions characterized by widespread abnormalities of social interactions and communication, as well as restricted interests and repetitive behavior?

3. Cornwall Capital Management began quickly selling their CDOs in Chapter 9 because they were suddenly concerned with whose ability to pay?

4. Who was the head of the surveillance department at Moody in Chapter 7?

5. In Chapter 7, Eisman not only bought the CDOs offered by Lippmann, but he also began to short who?

(see the answer keys)

This section contains 462 words (approx. 2 pages at 300 words per page) View a FREE sample