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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. 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) "Men in Black".
(b) "Wall Street Men".
(c) "The Doctor Zivagos".
(d) "Big Swinging Dicks".

2. When was John Gutfreund born?
(a) 1929.
(b) 1953.
(c) 1945.
(d) 1938.

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

4. Howie Hubler's company was so impressed with Hubler that they made him a unique deal by giving him what within their company in Chapter 9?
(a) A house.
(b) A money management firm.
(c) An extraordary bonus.
(d) Free investments.

5. When did Morgan Stanley purchase Smith Barney from Citigroup?
(a) 2003.
(b) 2007.
(c) 2001.
(d) 2009.

Short Answer 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?

2. When did FrontPoint close its health fund in amid accusations of insider trading and an FBI probe?

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

4. In Chapter 9 the author writes that it became apparent that no one at Morgan Stanley fully understood the CDO deals, including who?

5. What is a spectrum of psychological conditions characterized by widespread abnormalities of social interactions and communication, as well as restricted interests and repetitive behavior?

Short Essay Questions

1. Who did Steve Eisman meet at the dinner held by Deutsche Bank in Chapter 6? What did he learn?

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

3. How does the author describe the events at FrontPoint on September 18, 2008?

4. What did Morgan Stanley offer Howie Hubler in Chapter 9?

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

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

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

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

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

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

(see the answer keys)

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