View a FREE sample

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

Multiple Choice Questions

1. What is the title of Chapter 8?
(a) Bonds and CEOs.
(b) The Long Quiet.
(c) Wall Street.
(d) Two Men in a Boat.

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

3. During the first six months of what year did Mike Burry find himself struggling with his investors in Chapter 8?
(a) 2002.
(b) 1996.
(c) 1999.
(d) 2007.

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

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

6. When did Morgan Stanley purchase Smith Barney from Citigroup?
(a) 2001.
(b) 2003.
(c) 2007.
(d) 2009.

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

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

9. In Chapter 8, Michael Burry found that his reports to his investors were appearing more and more bleak because of his heavy investment in what?
(a) Overprime mortgage CDSs.
(b) Subprime mortgage CDSs.
(c) Subprime mortgage CDOs.
(d) Overprime mortgage CDOs.

10. How much money did Howie Hubler owe Deutsche Bank on the CDOs purchased from Hubler in Chapter 9?
(a) $750 million.
(b) $650 million.
(c) $1.2 billion.
(d) $900 million.

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

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

13. In Chapter 6, Eisman realized that the CDO manager sitting next to him was selling CDOs that were synthesized from what?
(a) Tranches.
(b) CDSs.
(c) Other synthesized CDOs.
(d) ISDAs.

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

15. Morgan Stanley lost more than how much on Hubler's CDO deals, as described in Chapter 9?
(a) $3 billion.
(b) $4 billion.
(c) $5 billion.
(d) $9 billion.

Short Answer Questions

1. What does NASD stand for?

2. In Chapter 10, one of whose partners had a panic attack as he tried to keep his eye on the investments his fund had made in shorting the Wall Street banks?

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

4. Where did Meredith Whitney work when she predicted the need for Citigroup to slash their dividends or crash in 2007?

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

(see the answer keys)

This section contains 446 words (approx. 2 pages at 300 words per page) View a FREE sample