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

2. What is the title of Chapter 10?
(a) The Fall.
(b) The End of Wall Street.
(c) Tidal Wave of Trouble.
(d) Two Men in a Boat.

3. In Chapter 7, Steve Eisman learned that the rating companies were working with the same information as who?
(a) The investors.
(b) The government.
(c) The Chinese.
(d) Himself.

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

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

Short Answer Questions

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

2. Who was the head of Salomon Brothers' mortgage department in the 1980s and featured in the book Liar's Poker?

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

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

5. What does MSRB stand for?

Short Essay Questions

1. How many CDOs did Cornwall Capital Management acquire after the conference in Chapter 7?

2. What was Wing Chau selling essentially, as discovered by Eisman in Chapter 6?

3. What conclusion did Steve Eisman reach regarding the CDSs and CDOs in Chapter 7?

4. What did Steve Eisman find himself drawn to at the conference in Chapter 6? Why?

5. What took place as Steve Eisman gave a speech in Chapter 10?

6. How much did Mike Burry make from his CDSs in Chapter 9? What was his outcome?

7. What actions from the 1980s does the author describe as leading up to the mortgage crisis in the Epilogue?

8. Who courted Charlie Ledley at the conference in Chapter 6? What was Ledley's objective at the conference?

9. How did Michael Lewis begin his career as an author of financial books?

10. What impact did the conference have on Cornwall Capital Management in Chapter 7?

(see the answer keys)

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