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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. What is a division of The McGraw-Hill Companies that publishes financial research and analysis on stocks and bonds?

2. When was Michael Lewis' first book published?

3. In what year did Steve Eisman stop working as an analyst and start his own hedge fund?

4. Who was Gene Park's boss in Chapter 4?

5. What mortgage lender did an Oppenheimer banker obtain information on from Steve Eisman in Chapter 1?

Short Essay Questions

1. Who was the only person at AIG FP to investigate the company's CDSs in Chapter 4? What did he discover?

2. What did Ledley and Mai discover about CDOs and CDSs in Chapter 5?

3. How did Steve Eisman come to work for Oppenheimer Co.? How is he described?

4. How are AIG FP's actions described in Chapter 3?

5. What important individuals and concepts are introduced in Chapter 1?

6. What obstacles did Cornwall Capital Management face as a beginning business?

7. What led to mortgage companies extending loans to unreliable clients, as described in Chapter 1?

8. Discuss Steve Eisman's work with mortgage bonds. How were mortgage bonds divided?

9. How did Greg Lippmann go about finding investors in Chapter 3?

10. What did Steve Eisman discover about Household Finance Corporation in Chapter 1?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Discuss Charlie Ledley's objectives and obstacles at the Las Vegas conference. What did Ledley hope to achieve at the conference and what stood in his way?

Essay Topic 2

Describe the personality of Steve Eisman as detailed in the book. What characteristics made Eisman fit for the world of Wall Street?

Essay Topic 3

Discuss AIG FP and its role in the mortgage crisis of 2008. Who became aware of the role AIG FP played in the disaster?

(see the answer keys)

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