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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. In Chapter 6, Eisman realized that the CDO manager sitting next to him was selling CDOs that were synthesized from what?
(a) CDSs.
(b) Tranches.
(c) ISDAs.
(d) Other synthesized CDOs.

2. During the first six months of what year did Mike Burry find himself struggling with his investors in Chapter 8?
(a) 1999.
(b) 1996.
(c) 2007.
(d) 2002.

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

4. The top bond traders of the 1980s called themselves by what nickname, becoming inspiration for the books The Bonfire of the Vanities and Liar's Poker?
(a) "The Doctor Zivagos".
(b) "Men in Black".
(c) "Big Swinging Dicks".
(d) "Wall Street Men".

5. John Gutfreund turned what company from a private partnership into a publicly traded corporation?
(a) Oppenheimer and Co.
(b) Salomon Brothers.
(c) Lehman Brothers.
(d) Bear Sterns.

Short Answer Questions

1. What is the title of Chapter 10?

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

3. When was Eisman invited to make a speech to support a quickly flagging Wall Street firm in Chapter 10?

4. On what date does the author write the face of Wall Street changed in Chapter 10?

5. When did Howie Hubler go on vacation and never return in Chapter 9?

Short Essay Questions

1. What information did Steve Eisman discover about the rating companies in Chapter 7?

2. What did Charlie Ledley and Michael Burry do in the aftermath of the market disaster in Chapter 10?

3. Why did Mike Burry's reports to investors appear bleak in Chapter 8?

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

5. For how much did Morgan Stanley settle on the CDOs in Chapter 9?

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

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

8. How did Howie Hubler get involved with CDO trading in Chapter 9?

9. Who does the author describe meeting for lunch in the Epilogue?

10. What eventually led to Morgan Stanley questioning the actions of Howie Hubler?

(see the answer keys)

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