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

Multiple Choice Questions

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

2. John Gutfreund turned what company from a private partnership into a publicly traded corporation?
(a) Salomon Brothers.
(b) Lehman Brothers.
(c) Bear Sterns.
(d) Oppenheimer and Co.

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

4. Asperger's syndrome differs from other autistic disorders by its relative preservation of development in what areas?
(a) Cognitive and spacial.
(b) Linguistic and cognitive.
(c) Coordination and Linguistic.
(d) Linguistic.

5. What was the profession of Michael Lewis' father?
(a) Doctor.
(b) Plumber.
(c) Electrician.
(d) Corporate lawyer.

6. 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.

7. At what university did Michael Burry study?
(a) Harvard University School of Law.
(b) Vanderbilt University School of Medicine.
(c) Princeton University School of Law.
(d) Yale University School of Medicine.

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

9. The SEC was established by the United States Congress in what year?
(a) 1928.
(b) 1930.
(c) 1933.
(d) 1937.

10. Who is the 29th chairperson of the SEC?
(a) Christopher Cox.
(b) Mary Schapiro.
(c) William H. Donaldson.
(d) Gerald Robinson.

11. How much ownership was Howie Hubler over his own company in the deal in Chapter 9?
(a) 60%.
(b) 75%.
(c) 65%.
(d) 50%.

12. 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) "Men in Black".
(b) "Wall Street Men".
(c) "Big Swinging Dicks".
(d) "The Doctor Zivagos".

13. What nickname was John Gutfreund given by Business Week in 1985?
(a) "Wall Street's Tycoon".
(b) "Mob Boss".
(c) "King of Wall Street".
(d) "King of the Hill".

14. 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) Salomon Brothers.
(c) Oppenheimer and Co.
(d) Bear Sterns.

15. In his Epilogue, what does the author amount to billion dollar gifts paid for by the American people?
(a) The national parks.
(b) The bond market.
(c) Tax revenues.
(d) Government bailouts.

Short Answer Questions

1. How much did Cornwall Capital Management make from selling its CDOs in Chapter 9?

2. When did John Gutfreund become managing partner of Salomon Brothers?

3. Where was the conference for subprime mortgage bond salesmen and buyers in Chapter 6?

4. In Chapter 7, Eisman came to the conclusion that none of the banks dealing in CDSs and CDOs really appreciated the disaster awaiting them because of what?

5. What is the title of Chapter 9?

(see the answer keys)

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