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. When was the Morgan Stanley corporation founded?

2. What online database is maintained by the SEC from which investors can access information filed with the agency?

3. What does the SEC refer to?

4. FrontPoint Partners is a subsidiary of what company?

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

Short Essay Questions

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

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

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

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

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

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

7. Who took the hardest hit from the mortgage crisis, according to the author in his conclusion of the book?

8. What conclusion did Steve Eisman reach regarding the CDSs and CDOs in Chapter 7?

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

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

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 2

Discuss Eisman and Daniel's 1997 report and its conclusions about subprime mortgage lending. How did the market change after the report's publication?

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 884 words (approx. 3 pages at 300 words per page) View a FREE sample