The Big Short: Inside the Doomsday Machine Test | Mid-Book Test - Medium

Michael Lewis (author)
This set of Lesson Plans consists of approximately 132 pages of tests, essay questions, lessons, and other teaching materials.
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The Big Short: Inside the Doomsday Machine Test | Mid-Book Test - Medium

Michael Lewis (author)
This set of Lesson Plans consists of approximately 132 pages of tests, essay questions, lessons, and other teaching materials.
Buy The Big Short: Inside the Doomsday Machine Lesson Plans
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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. With whose assistance did Steve Eisman publish a report outlining the bad practices of the subprime mortgage lender in Chapter 1?
(a) Michael Lewis'.
(b) Meredith Whitney's.
(c) Greg Lippmann's.
(d) Vincent Daniel's.

2. Gene Park discovered that the CDSs being sold by his company contained more what than anyone knew?
(a) Precious metals.
(b) Car loans.
(c) Subprime mortgage bonds.
(d) Grain futures.

3. Where did Ben Hockett live and make investments from in Chapter 5?
(a) San Francisco, California.
(b) Portland, Oregon.
(c) Berkeley Hills, California.
(d) Seattle, Washington.

4. In criminal law, what is an intentional deception made for personal gain or to damage another individual?
(a) Fraud.
(b) Contempt.
(c) Heresy.
(d) Embezzlement.

5. Who agreed to a $5 million dollar deal with Michael Burry in Chapter 2?
(a) Scion Capital
(b) Cornwall Capital Management.
(c) Bank of America.
(d) Goldman Sachs.

Short Answer Questions

1. Michael Burry lost his left eye due to what as a toddler?

2. What are divisions of mortgage bonds in which the mortgage bonds are divided into pieces?

3. In Chapter 3, soon all the CDSs AIG FP sold consisted primarily of what?

4. Michael Burry worked as a resident in what field in Chapter 2?

5. Who went to a conference of subprime mortgage bond professionals and learned from a woman that her supervisors picked and chose which mortgage bonds would be triple-A rated despite her frequent recommendations that most of them be downgraded?

Short Essay Questions

1. What did Steve Eisman's team conclude after analyzing the mortgage data in Chapter 4?

2. What "expert" did Greg Lippmann bring to speak with Steve Eisman in Chapter 3? Why?

3. How are tranches differentiated in mortgage bonds?

4. With whom did Charley Ledley work in New York? What individual did he meet from Berkeley, California in Chapter 5?

5. How do stocks and bonds differ in trading?

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

7. How did Greg Lippmann believe he could make a fortune in the subprime mortgage industry in Chapter 3?

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

9. What did Vincent Daniel discover about the ratings companies in Chapter 4?

10. What did Goldman Sachs begin doing with their bottom tranches in Chapter 3?

(see the answer keys)

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