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

Multiple Choice Questions

1. Reluctant to lose out on what Michael Burry was convinced would be a profitable investment, what did he do with his CDSs to keep his investors from taking their money back in Chapter 8?
(a) Side pocketed them.
(b) Bought them.
(c) Released them.
(d) Sold them.

2. 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.

3. 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) Bear Stearns.
(b) Morgan Stanley.
(c) Standard & Poor's.
(d) AIG FP.

4. What did "NASDAQ" originally stand for?
(a) National Association of Securities Dealers Automated Quotations.
(b) National Association of Specialized Dealers in Automotive Quotations.
(c) Numbering Association of Stock Dealers Automated Quotations.
(d) National Assets of Securities Dealers Automated Queries.

5. Salomon Brothers is now a subsidiary of what company?
(a) Wachovia.
(b) Citigroup.
(c) Bear Sterns.
(d) U.S. Bank.

6. What is the title of Chapter 7?
(a) The Gold Rush.
(b) Money Wonders.
(c) Gathering Eggs.
(d) The Great Treasure Hunt.

7. What does NYSE stand for?
(a) New York Securities Enterprise.
(b) New York Stock Exchange.
(c) New York Stock Entrepreneurs.
(d) New York Securities Engine.

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

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

10. Asperger's syndrome differs from other autistic disorders by its relative preservation of development in what areas?
(a) Cognitive and spacial.
(b) Linguistic.
(c) Linguistic and cognitive.
(d) Coordination and Linguistic.

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

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

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

14. Howie Hubler was a bond trader for what company in Chapter 9?
(a) Bear Sterns.
(b) Wachovia.
(c) Morgan Stanley.
(d) Merrill Lynch.

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

Short Answer Questions

1. At what university did Michael Burry study?

2. What is the title of Chapter 10?

3. Howie Hubler decided to find a way to bet against mortgage bonds and in doing so began forming what, which he sold to what he thought were ignorant investors?

4. In Chapter 7, Eisman not only bought the CDOs offered by Lippmann, but he also began to short who?

5. During the first six months of what year did Mike Burry find himself struggling with his investors in Chapter 8?

(see the answer keys)

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