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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. John Gutfreund openly blames Michael Lewis for what?
(a) Ruining his career.
(b) The bubble bursting.
(c) His divorce.
(d) The market crash.

2. Where is Morgan Stanley headquartered?
(a) Washington D.C.
(b) Boston, MA.
(c) Nashville, TN.
(d) New York, NY.

3. At the conference in Chapter 6, Charlie Ledley spoke a man from what company that would eventually do business with Ledley's hedge fund?
(a) Wachovia.
(b) AIG FP.
(c) Bear Stearns.
(d) Morgan Stanley.

4. Who still felt as though he was not receiving the recognition he deserved for his foresight and lucrative investing and decided to quit as a money manager in Chapter 10?
(a) Michael Lewis.
(b) Michael Burry.
(c) Charlie Ledley.
(d) James Eastman.

5. Who asked Howie Hubler for money owed Deutsche Bank on the CDOs purchased from Hubler in Chapter 9?
(a) Bernie Madoff.
(b) Greg Lippmann.
(c) John Mack.
(d) James Wilson.

Short Answer Questions

1. What does FINRA stand for?

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

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

4. In his Epilogue, what does the author amount to billion dollar gifts paid for by the American people?

5. Who was CEO of Morgan Stanley at the time Hubler was selling CDOs in Chapter 9?

Short Essay Questions

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

2. What is a CDS?

3. What investors did Scion Capital face losing in Chapter 8? Why?

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

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

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

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

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

9. What fraudulent actions did Mike Burry take in Chapter 8? Why?

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

(see the answer keys)

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