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

Multiple Choice Questions

1. When did Howie Hubler go on vacation and never return in Chapter 9?
(a) October, 2007.
(b) March, 2005.
(c) July, 2002.
(d) April, 2006.

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

3. What does the SEC refer to?
(a) Speculators and Experts Council.
(b) Sellers and Engineers Committee.
(c) Securities and Exchange Commission.
(d) Special Experts Conglomerate.

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

5. 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) Government bailouts.
(d) Tax revenues.

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

7. Where did Michael Lewis receive a BA in Art History?
(a) Harvard University.
(b) Princeton University.
(c) U.C. Davis.
(d) Yale University.

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

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

10. 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) AIG FP.
(b) Morgan Stanley.
(c) Bear Stearns.
(d) Wachovia.

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) Deutsche Bank.
(c) Moody's.
(d) Wachovia.

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

13. 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) Citigroup's.
(c) Bear Stearns'.
(d) Wachovia's.

14. Who was the head of Salomon Brothers' mortgage department in the 1980s and featured in the book Liar's Poker?
(a) Michael Lewis.
(b) James Lewis.
(c) Lewis Ranieri.
(d) Andrew Jackson.

15. 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) The Asperger spectrum.
(b) Schizophenic spectrum.
(c) ADHD.
(d) The autism spectrum.

Short Answer Questions

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

2. In Chapter 6, Eisman realized that the CDO manager sitting next to him was selling CDOs that were synthesized from what?

3. The mortgage boom and bust which is central in The Big Short: Inside the Doomsday Machine took place between what years?

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

5. When did Scion Capital open business?

(see the answer keys)

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