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

Multiple Choice Questions

1. In Chapter 7, Eisman not only bought the CDOs offered by Lippmann, but he also began to short who?
(a) The Federal Reserve.
(b) The London banks involved with the bonds.
(c) The SEC.
(d) The Wall Street banks involved in these bonds.

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

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

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

5. What does NASD stand for?
(a) Native Association of Stock Dealers.
(b) National Assembly of Stock Dealers.
(c) Numerical Assembly of Securities Dealers.
(d) National Association of Securities Dealers.

6. Who had the bright idea to set up a fund to sue the rating companies whom they blamed for the fiasco in Chapter 10?
(a) Charlie Ledley.
(b) Michael Lewis.
(c) James Eastman.
(d) Michael Burry.

7. What is the title of Chapter 6?
(a) Accidental Capitalists.
(b) Spider-Man at The Venetian.
(c) How to Harvest a Migrant Worker.
(d) Wall Street Bigshot.

8. When was Eisman invited to make a speech to support a quickly flagging Wall Street firm in Chapter 10?
(a) March 14, 2008.
(b) June 3, 2007.
(c) October 22, 2007.
(d) January 5, 2008.

9. Where is Morgan Stanley headquartered?
(a) Washington D.C.
(b) Boston, MA.
(c) Nashville, TN.
(d) New York, NY.

10. What is the central banking system of the United States?
(a) Wells Fargo.
(b) U.S. Bank.
(c) The Federal Reserve.
(d) The World Bank.

11. The first night of the conference in Chapter 6, Steve Eisman found himself attending a dinner thrown by what company?
(a) Oppenheimer and Co.
(b) Wachovia.
(c) Moody's.
(d) Deutsche Bank.

12. 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) Michael Ewing.
(c) Jim Beaston.
(d) John Mack.

13. A percentage of FrontPoint was owned by what major investment firm?
(a) Citigroup.
(b) Wachovia.
(c) Merrill Lynch.
(d) Morgan Stanley.

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

15. Analysts from where revealed to Eisman that no one truly understood these CDOs in Chapter 6?
(a) Overseas.
(b) Magazines.
(c) Banks.
(d) Rating companies.

Short Answer Questions

1. What is the title of Chapter 8?

2. The SEC was established by the United States Congress in what year?

3. Asperger's syndrome differs from other autistic disorders by its relative preservation of development in what areas?

4. 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?

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?

(see the answer keys)

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