View a FREE sample

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

Short Answer Questions

1. In Chapter 7, Eisman not only bought the CDOs offered by Lippmann, but he also began to short who?

2. What is the title of Chapter 9?

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

4. What does NASD stand for?

5. Who began shorting the stocks of rating companies as well as many of the CDO managers in Chapter 6?

Short Essay Questions

1. When did Howie Hubler disappear? How much did Morgan Stanley lose from his actions?

2. What would have caused most of the Wall Street banks to fail, according to the author in Chapter 10?

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

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

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

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

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

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

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

10. What is a CDS?

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

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 3

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

(see the answer keys)

This section contains 937 words (approx. 4 pages at 300 words per page) View a FREE sample