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. Cornwall Capital Management began quickly selling their CDOs in Chapter 9 because they were suddenly concerned with whose ability to pay?

2. Analysts from where revealed to Eisman that no one truly understood these CDOs in Chapter 6?

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

4. Where did Meredith Whitney work when she predicted the need for Citigroup to slash their dividends or crash in 2007?

5. Salomon Brothers is now a subsidiary of what company?

Short Essay Questions

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

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

3. Who did Steve Eisman meet at the dinner held by Deutsche Bank in Chapter 6? What did he learn?

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

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

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

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

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

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

10. What role did Ben Hockett play in the success of Cornwall Capital Management?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Discuss Moody's and Standard & Poor's. When were these rating companies established? What is their role on Wall Street?

Essay Topic 2

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 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)

This section contains 897 words (approx. 3 pages at 300 words per page) View a FREE sample