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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. Where was the conference for subprime mortgage bond salesmen and buyers in Chapter 6?

2. John Gutfreund turned what company from a private partnership into a publicly traded corporation?

3. 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?

4. To what floor did Howie Hubler move after making a unique deal with his company in Chapter 9?

5. What does the SEC refer to?

Short Essay Questions

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

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

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

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

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

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

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

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

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

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Discuss Cornwall Capital Management in comparison with Scion and FrontPoint. How did each of these companies compare in terms of assets and investors?

Essay Topic 2

Describe the conversation between Wing Chau and Steve Eisman in Chapter 6 and analyze the synthesized CDOs discussed. What does this information reveal?

Essay Topic 3

Describe the life and career of author Michael Lewis. What was the subject of Lewis' first book? What recognition did he earn from it?

(see the answer keys)

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