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This test consists of 15 multiple choice questions and 5 short answer questions.
Multiple Choice Questions
1. When was John Gutfreund born?
(a) 1929.
(b) 1938.
(c) 1953.
(d) 1945.
2. The first night of the conference in Chapter 6, Steve Eisman was seated next to a man named what?
(a) Mike Burry.
(b) Wing Chau.
(c) Charlie Ledley.
(d) Euguene Xu.
3. Morgan Stanley lost more than how much on Hubler's CDO deals, as described in Chapter 9?
(a) $4 billion.
(b) $9 billion.
(c) $3 billion.
(d) $5 billion.
4. John Gutfreund turned what company from a private partnership into a publicly traded corporation?
(a) Lehman Brothers.
(b) Salomon Brothers.
(c) Bear Sterns.
(d) Oppenheimer and Co.
5. When did Scion Capital close business?
(a) 2009.
(b) 2006.
(c) 2008.
(d) 2007.
6. When did FrontPoint close its health fund in amid accusations of insider trading and an FBI probe?
(a) 2006.
(b) 2005.
(c) 2008.
(d) 2010.
7. Where did Meredith Whitney work when she predicted the need for Citigroup to slash their dividends or crash in 2007?
(a) Oppenheimer and Co.
(b) Wachovia.
(c) Bear Sterns.
(d) Merrill Lynch.
8. What does NYSE stand for?
(a) New York Stock Entrepreneurs.
(b) New York Stock Exchange.
(c) New York Securities Enterprise.
(d) New York Securities Engine.
9. Howie Hubler decided to find a way to bet against mortgage bonds and in doing so began forming what, which he sold to what he thought were ignorant investors?
(a) CDOs.
(b) CDSs.
(c) CFSs.
(d) CEOs.
10. How much did Morgan Stanley settle with Deutsche Bank on the CDOs purchased from Hubler in Chapter 9?
(a) $350 million.
(b) $600 million.
(c) $750 million.
(d) $450 milllion.
11. 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) Sold them.
(b) Side pocketed them.
(c) Released them.
(d) Bought them.
12. The first night of the conference in Chapter 6, Steve Eisman found himself attending a dinner thrown by what company?
(a) Moody's.
(b) Deutsche Bank.
(c) Oppenheimer and Co.
(d) Wachovia.
13. Asperger's syndrome differs from other autistic disorders by its relative preservation of development in what areas?
(a) Linguistic and cognitive.
(b) Cognitive and spacial.
(c) Linguistic.
(d) Coordination and Linguistic.
14. When was Eisman invited to make a speech to support a quickly flagging Wall Street firm in Chapter 10?
(a) March 14, 2008.
(b) January 5, 2008.
(c) October 22, 2007.
(d) June 3, 2007.
15. 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.
Short Answer Questions
1. Who was the head of Salomon Brothers' mortgage department in the 1980s and featured in the book Liar's Poker?
2. What is the title of the book's Epilogue?
3. What does NASD stand for?
4. Where did Michael Lewis receive a BA in Art History?
5. When was the conference for subprime mortgage bond salesmen and buyers in Chapter 6?
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This section contains 463 words (approx. 2 pages at 300 words per page) |
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