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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. For what quickly flagging Wall Street firm was Eisman invited to make a speech in Chapter 10?
(a) Bear Sterns.
(b) Merrill Lynch.
(c) Citigroup.
(d) Wachovia.

2. The mortgage boom and bust which is central in The Big Short: Inside the Doomsday Machine took place between what years?
(a) 2001-2007.
(b) 2005-2008.
(c) 2002-2006.
(d) 1999-2004.

3. At the conference in Chapter 6, Charlie Ledley found himself being courted by what company and chiefly ignored by most of the other conference attendees?
(a) Bear Stearns.
(b) AIG FP.
(c) Standard & Poor's.
(d) Morgan Stanley.

4. On what date does the author write the face of Wall Street changed in Chapter 10?
(a) June 3, 2006.
(b) October 31, 2007.
(c) August 4, 2007.
(d) September 18, 2008.

5. The first night of the conference in Chapter 6, Steve Eisman was seated next to a man named what?
(a) Charlie Ledley.
(b) Euguene Xu.
(c) Wing Chau.
(d) Mike Burry.

Short Answer Questions

1. How much money did Howie Hubler owe Deutsche Bank on the CDOs purchased from Hubler in Chapter 9?

2. Who is an American former stockbroker, investment adviser, non-executive chairman of the NASDAQ stock market, and the admitted operator of what has been described as the largest Ponzi scheme in history?

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

4. After the conference in Chapters 6 and 7, who began buying millions of CDOs, anxious to buy as many as they could before it was too late?

5. In Chapter 7, Steve Eisman learned that the rating companies were working with the same information as who?

Short Essay Questions

1. What led Cornwall Capital Management to sell off their CDOs in Chapter 9? How much did they make?

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

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

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

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

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

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

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

9. Who attended the conference described in Chapter 6? Where was it held?

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

(see the answer keys)

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