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

Multiple Choice Questions

1. The contract with which one of Scion's original investors was coming up in Chapter 8?
(a) Citigroup.
(b) Gotham.
(c) Merrill Lynch.
(d) Wachovia.

2. How much did Mike Burry make for his investors from selling his CDSs in Chapter 9?
(a) Over $200 million.
(b) Over $300 million.
(c) Over $750 million.
(d) Over $475 million.

3. What is a spectrum of psychological conditions characterized by widespread abnormalities of social interactions and communication, as well as restricted interests and repetitive behavior?
(a) ADHD.
(b) Schizophenic spectrum.
(c) The Asperger spectrum.
(d) The autism spectrum.

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

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

6. What does MSRB stand for?
(a) Municipal Securities Rulemaking Board.
(b) Municipal Stock Regulating Board.
(c) Municipal Stock Rulemaking Battalion.
(d) Moral Securities Rulemaking Brigade.

7. 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?
(a) The high ratings the rating companies were giving these CDSs and CDOs.
(b) The lack of ratings the rating companies were giving these CDSs and CDOs.
(c) The low ratings the rating companies were giving these CDSs and CDOs.
(d) The average ratings the rating companies were giving these CDSs and CDOs.

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

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

10. Where did Meredith Whitney work when she predicted the need for Citigroup to slash their dividends or crash in 2007?
(a) Wachovia.
(b) Oppenheimer and Co.
(c) Bear Sterns.
(d) Merrill Lynch.

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

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

13. When did Scion Capital open business?
(a) 1999.
(b) 2000.
(c) 1997.
(d) 1995.

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

15. 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.

Short Answer Questions

1. What company fell after Bear Sterns in Chapter 10?

2. Morgan Stanley lost more than how much on Hubler's CDO deals, as described in Chapter 9?

3. What is the title of Chapter 8?

4. When did FrontPoint close its health fund in amid accusations of insider trading and an FBI probe?

5. Salomon Brothers is now a subsidiary of what company?

(see the answer keys)

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