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

Multiple Choice Questions

1. Who was the head of the surveillance department at Moody in Chapter 7?
(a) Greg Lippman.
(b) Vincent Daniel.
(c) Ernestine Warner.
(d) Lewis Ranieri.

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

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

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

5. Morgan Stanley lost more than how much on Hubler's CDO deals, as described in Chapter 9?
(a) $3 billion.
(b) $5 billion.
(c) $4 billion.
(d) $9 billion.

6. In Chapter 9, Lippmann gave Hubler several chances to back out of the deal at a loss, but Hubler continuously refused until finally settling with Deutsche Bank for more than how much?
(a) $3 billion.
(b) $900 million.
(c) $800 million.
(d) $1 billion.

7. 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) An extraordary bonus.
(b) A money management firm.
(c) A house.
(d) Free investments.

8. Who is an American former stockbroker, investment adviser, non-executive chairman of the NASDAQ stock market, and the admitted operator of what has been described as the largest Ponzi scheme in history?
(a) Lewis Ranieri.
(b) Charlie Ledley.
(c) Bernard Madoff.
(d) Greg Lippmann.

9. The mortgage boom and bust which is central in The Big Short: Inside the Doomsday Machine took place between what years?
(a) 2001-2007.
(b) 2005-2008.
(c) 1999-2004.
(d) 2002-2006.

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

11. Cornwall Capital Management ended with more than how much in CDOs in Chapter 7?
(a) $600 million.
(b) $150 million.
(c) $200 million.
(d) $450 million.

12. Who was CEO of Morgan Stanley at the time Hubler was selling CDOs in Chapter 9?
(a) James Smith.
(b) James Wilson.
(c) Bernie Madoff.
(d) John Mack.

13. During Eisman's speech for a quickly flagging Wall Street firm in Chapter 10, stocks in the company fell by more than how many points?
(a) 15.
(b) 24.
(c) 20.
(d) 12.

14. What does FINRA stand for?
(a) Financial Industry Regulatory Authority, Inc.
(b) Fiscal Investment Recovery Act.
(c) Fiscal Imaginaton Repression Agency.
(d) Future Inverstment Reparations Act.

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

Short Answer Questions

1. What is the title of Chapter 9?

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. At the conference in Chapter 6, Charlie Ledley spoke a man from what company that would eventually do business with Ledley's hedge fund?

4. How much did Morgan Stanley settle with Deutsche Bank on the CDOs purchased from Hubler in Chapter 9?

5. A percentage of FrontPoint was owned by what major investment firm?

(see the answer keys)

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