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

Multiple Choice Questions

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

2. When did John Gutfreund become managing partner of Salomon Brothers?
(a) 1987.
(b) 1983.
(c) 1978.
(d) 1989.

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

4. On what date does the author write the face of Wall Street changed in Chapter 10?
(a) August 4, 2007.
(b) June 3, 2006.
(c) October 31, 2007.
(d) September 18, 2008.

5. What did "NASDAQ" originally stand for?
(a) National Association of Specialized Dealers in Automotive Quotations.
(b) National Association of Securities Dealers Automated Quotations.
(c) Numbering Association of Stock Dealers Automated Quotations.
(d) National Assets of Securities Dealers Automated Queries.

6. What does NYSE stand for?
(a) New York Securities Enterprise.
(b) New York Stock Exchange.
(c) New York Securities Engine.
(d) New York Stock Entrepreneurs.

7. In the Epilogue, Michael Lewis tells his readers about a lunch meeting he had with his former CEO at what company?
(a) Merrill Lynch.
(b) Bear Sterns.
(c) Oppenheimer and Co.
(d) Salomon Brothers.

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

9. The top bond traders of the 1980s called themselves by what nickname, becoming inspiration for the books The Bonfire of the Vanities and Liar's Poker?
(a) "Wall Street Men".
(b) "The Doctor Zivagos".
(c) "Men in Black".
(d) "Big Swinging Dicks".

10. The first night of the conference in Chapter 6, Steve Eisman was seated next to a man named what?
(a) Mike Burry.
(b) Charlie Ledley.
(c) Euguene Xu.
(d) Wing Chau.

11. What is the title of Chapter 9?
(a) Bottom of the Bag.
(b) A Death of Interest.
(c) The End of Wall Street.
(d) Two Men in a Boat.

12. After the conference in Chapter 6, Eisman and his group began paying close attention to what?
(a) Rating companies.
(b) The price of oil.
(c) Lending companies.
(d) The Euro.

13. To what floor did Howie Hubler move after making a unique deal with his company in Chapter 9?
(a) 16th.
(b) 21st.
(c) 10th.
(d) 26th.

14. At the conference in Chapter 6, Charlie Ledley found himself being courted by what company and chiefly ignored by most of the other conference attendees?
(a) AIG FP.
(b) Standard & Poor's.
(c) Morgan Stanley.
(d) Bear Stearns.

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) Andrew Warner's.
(c) James Jackson's.
(d) Michael Lewis'.

Short Answer Questions

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

2. What nickname was John Gutfreund given by Business Week in 1985?

3. 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?

4. 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?

5. 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?

(see the answer keys)

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