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

Multiple Choice Questions

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

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

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

4. When was the conference for subprime mortgage bond salesmen and buyers in Chapter 6?
(a) June, 2004.
(b) August, 2008.
(c) May, 2008.
(d) January, 2007.

5. 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) 20.
(b) 12.
(c) 24.
(d) 15.

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

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

8. 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) Wachovia.
(d) Morgan Stanley.

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

10. 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.

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

12. 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) Bear Stearns.
(b) AIG FP.
(c) Morgan Stanley.
(d) Standard & Poor's.

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

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

15. 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) CEOs.
(d) CFSs.

Short Answer Questions

1. At what university did Michael Burry study?

2. During the first six months of what year did Mike Burry find himself struggling with his investors in Chapter 8?

3. Analysts from where revealed to Eisman that no one truly understood these CDOs in Chapter 6?

4. Who was the head of Salomon Brothers' mortgage department in the 1980s and featured in the book Liar's Poker?

5. What does NYSE stand for?

(see the answer keys)

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