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

Multiple Choice Questions

1. Where was the conference for subprime mortgage bond salesmen and buyers in Chapter 6?
(a) Chicago.
(b) Las Vegas.
(c) New York.
(d) Miami.

2. What is the title of Chapter 10?
(a) Tidal Wave of Trouble.
(b) The End of Wall Street.
(c) The Fall.
(d) Two Men in a Boat.

3. What is the title of Chapter 7?
(a) The Great Treasure Hunt.
(b) Money Wonders.
(c) The Gold Rush.
(d) Gathering Eggs.

4. FrontPoint Partners is a subsidiary of what company?
(a) Morgan Stanley.
(b) Bear Sterns.
(c) Wachovia.
(d) Merrill Lynch.

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

6. How much money did Howie Hubler owe Deutsche Bank on the CDOs purchased from Hubler in Chapter 9?
(a) $650 million.
(b) $900 million.
(c) $1.2 billion.
(d) $750 million.

7. During the first six months of what year did Mike Burry find himself struggling with his investors in Chapter 8?
(a) 1999.
(b) 1996.
(c) 2002.
(d) 2007.

8. 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.

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) 2002-2006.
(d) 1999-2004.

10. 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) Charlie Ledley.
(c) Michael Burry.
(d) James Eastman.

11. John Gutfreund openly blames Michael Lewis for what?
(a) Ruining his career.
(b) The market crash.
(c) The bubble bursting.
(d) His divorce.

12. For what quickly flagging Wall Street firm was Eisman invited to make a speech in Chapter 10?
(a) Wachovia.
(b) Citigroup.
(c) Merrill Lynch.
(d) Bear Sterns.

13. Who wrote the book "The Greatest Trade Ever: How John Paulson Bet Against The Markets and Made $20 Billion"?
(a) Anderson Cooper.
(b) Andrew Jackson.
(c) Jim Smith.
(d) Gregory Zuckerman.

14. In Chapter 9 the author writes that it became apparent that no one at Morgan Stanley fully understood the CDO deals, including who?
(a) James Wilson.
(b) John Mack.
(c) Jim Beaston.
(d) Michael Ewing.

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

Short Answer Questions

1. When was the Morgan Stanley corporation founded?

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

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

4. The first night of the conference in Chapter 6, Steve Eisman was seated next to a man who was a CDO manager for what company?

5. What is the title of Chapter 8?

(see the answer keys)

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