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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 nickname was John Gutfreund given by Business Week in 1985?

2. The top bond traders of the 1980s called themselves by what nickname, becoming inspiration for the books The Bonfire of the Vanities and Liar's Poker?

3. What is the title of Chapter 6?

4. In the Epilogue, Michael Lewis tells his readers about a lunch meeting he had with his former CEO at what company?

5. Where did Michael Lewis receive a BA in Art History?

Short Essay Questions

1. Who does the author describe meeting for lunch in the Epilogue?

2. What is a CDS?

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

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

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

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

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

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

9. Who attended the conference described in Chapter 6? Where was it held?

10. Why did Mike Burry's reports to investors appear bleak in Chapter 8?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Describe Michael Burry's tactics in establishing Scion Capital. Where did Burry find investors and what did they think of his approach to trading?

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 Charlie Ledley, Jamie Mai, Cornwall Capital Management and Capital One Financial. What investments did Ledley and Mai make in establishing their company?

(see the answer keys)

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