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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.
Multiple Choice Questions
1. Gene Park worked for what company in Chapter 4?
(a) FrontPoint.
(b) Standard & Poor's.
(c) Wachovia.
(d) AIG FP.
2. What company did Charlie Ledley and Jamie Mai investigate because of some legal troubles, deciding that the legal trouble would blow over and their low stock would soon rally in Chapter 5?
(a) Capital One Financial.
(b) Oppenheimer and Co.
(c) Deutsche Bank.
(d) Cornwall Capital Management.
3. For what company did Michael Lewis begin working after earning his Masters degree in Economics?
(a) Aames Financial.
(b) Citigroup.
(c) Salomon Brothers.
(d) Oppenheimer and Co.
4. Who agreed to a $5 million dollar deal with Michael Burry in Chapter 2?
(a) Scion Capital
(b) Cornwall Capital Management.
(c) Goldman Sachs.
(d) Bank of America.
5. In 2007, Meredith Whitney announced that what company had so mismanaged its affairs that it would slash its dividend or crash?
(a) Salomon Brothers.
(b) The Fitch Group.
(c) Citigroup.
(d) Gotham Capital.
Short Answer Questions
1. Michael Burry could not bet against mortgage bonds in the same way he could other bonds because he could not short houses, only what?
2. When did Steve Eisman publish a report outlining the bad practices of the subprime mortgage lender in Chapter 1?
3. With whom did Michael Burry make his first credit default swap?
4. When was Michael Burry born?
5. During their research, Ledley and Mai discovered that many CDOs were comprised of triple-B rated mortgages being sold as what?
Short Essay Questions
1. What led Steve Eisman to open his own hedge fund?
2. How did Charlie Ledley's first investment pay out? What was the company's worth?
3. How is Mike Burry described in Chapter 3? What did he study before entering the stock market?
4. What did Steve Eisman's team conclude after analyzing the mortgage data in Chapter 4?
5. What did Steve Eisman discover about Household Finance Corporation in Chapter 1?
6. What intrigued Steve Eisman about CDSs in Chapter 3?
7. What led to mortgage companies extending loans to unreliable clients, as described in Chapter 1?
8. How does the author describe his impressions of Wall Street when he began working there in Chapter 1?
9. How did Greg Lippmann go about finding investors in Chapter 3?
10. What drew Mike Burry to an interest in CDSs?
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This section contains 890 words (approx. 3 pages at 300 words per page) |
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