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

Multiple Choice Questions

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

2. When did John Gutfreund become managing partner of Salomon Brothers?
(a) 1989.
(b) 1987.
(c) 1983.
(d) 1978.

3. For what quickly flagging Wall Street firm was Eisman invited to make a speech in Chapter 10?
(a) Bear Sterns.
(b) Wachovia.
(c) Merrill Lynch.
(d) Citigroup.

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

5. 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) Overprime mortgage CDOs.
(c) Subprime mortgage CDOs.
(d) Subprime mortgage CDSs.

6. When did FrontPoint close its health fund in amid accusations of insider trading and an FBI probe?
(a) 2010.
(b) 2005.
(c) 2006.
(d) 2008.

7. 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) 24.
(c) 15.
(d) 12.

8. 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) Wachovia.
(d) Bear Stearns.

9. 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) Michael Burry.
(b) Charlie Ledley.
(c) James Eastman.
(d) Michael Lewis.

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

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

12. Who is an American former stockbroker, investment adviser, non-executive chairman of the NASDAQ stock market, and the admitted operator of what has been described as the largest Ponzi scheme in history?
(a) Bernard Madoff.
(b) Greg Lippmann.
(c) Lewis Ranieri.
(d) Charlie Ledley.

13. At the conference in Chapter 6, Charlie Ledley found himself being courted by what company and chiefly ignored by most of the other conference attendees?
(a) Morgan Stanley.
(b) Bear Stearns.
(c) Standard & Poor's.
(d) AIG FP.

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

15. What does FINRA stand for?
(a) Future Inverstment Reparations Act.
(b) Financial Industry Regulatory Authority, Inc.
(c) Fiscal Investment Recovery Act.
(d) Fiscal Imaginaton Repression Agency.

Short Answer Questions

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

2. After the conference in Chapters 6 and 7, who began buying millions of CDOs, anxious to buy as many as they could before it was too late?

3. When did Scion Capital open business?

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

5. The first night of the conference in Chapter 6, Steve Eisman found himself attending a dinner thrown by what company?

(see the answer keys)

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