View a FREE sample

This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. What does AIG FP stand for?
(a) American International Group Financial Products.
(b) American Investment Group Financial Portfolios.
(c) American Investment Group Financial Portfolios.
(d) American International Group Fiscal Products.

2. When was Michael Lewis born?
(a) 1957.
(b) 1956.
(c) 1960.
(d) 1963.

3. In Michael Burry's first credit default swap, what was the rate of each bond purchased?
(a) $1 million.
(b) $3 million.
(c) $7 million.
(d) $10 million.

4. Gene Park discovered that the CDSs being sold by his company contained more what than anyone knew?
(a) Precious metals.
(b) Car loans.
(c) Subprime mortgage bonds.
(d) Grain futures.

5. For what company did Ben Hockett work when he met Jamie Mai?
(a) Oppenheimer and Co.
(b) AIG FP.
(c) Standard & Poor's.
(d) Deutsche Bank.

Short Answer Questions

1. What is the title of Chapter 4?

2. Steve Eisman discovered that what company was fraudulently selling fifteen year mortgages under the guise of thirty year mortgages?

3. When Cornwall Capital Management moved to Bear Sterns, their account was handled by whom?

4. What is the name of the investment group begun by Charlie Ledley and his partner in Chapter 5?

5. Who agreed to a $5 million dollar deal with Michael Burry in Chapter 2?

Short Essay Questions

1. What picture does the author paint of Steve Eisman and Wall Street in 2005 in Chapter 1?

2. What led to mortgage companies extending loans to unreliable clients, as described in Chapter 1?

3. What led Steve Eisman to open his own hedge fund?

4. How is Mike Burry described in Chapter 3? What did he study before entering the stock market?

5. How did Greg Lippmann believe he could make a fortune in the subprime mortgage industry in Chapter 3?

6. How did Steve Eisman come to work for Oppenheimer Co.? How is he described?

7. How do stocks and bonds differ in trading?

8. What did Steve Eisman's team conclude after analyzing the mortgage data in Chapter 4?

9. What report did Steve Eisman publish in 1997? Who assisted him?

10. How did Charlie Ledley's first investment pay out? What was the company's worth?

(see the answer keys)

This section contains 907 words (approx. 4 pages at 300 words per page) View a FREE sample