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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 6-7.

Multiple Choice Questions

1. The sale of CDSs grew AIG FP so quickly that it provided what percent of AIG's profits in Chapter 3?
(a) 35.
(b) 20.
(c) 25.
(d) 15.

2. When was the conference for subprime mortgage bond salesmen and buyers in Chapter 6?
(a) August, 2008.
(b) January, 2007.
(c) May, 2008.
(d) June, 2004.

3. Michael Burry worked as a resident in what field in Chapter 2?
(a) Cardiology.
(b) Optometry.
(c) Proctology.
(d) Neurology.

4. In Chapter 7, Steve Eisman learned that the rating companies were working with the same information as who?
(a) The investors.
(b) Himself.
(c) The Chinese.
(d) The government.

5. What refers to loans made to customers with less than perfect credit?
(a) Subprime.
(b) High interest.
(c) Gambles.
(d) CDS's.

Short Answer Questions

1. Gene Park worked for what company in Chapter 4?

2. Where did Steve Eisman's wife threaten to move to and raise chickens in Chapter 1?

3. In Chapter 7, Eisman came to the conclusion that none of the banks dealing in CDSs and CDOs really appreciated the disaster awaiting them because of what?

4. During their research, Ledley and Mai discovered that many CDOs were comprised of triple-B rated mortgages being sold as what?

5. Who was Gene Park's boss in Chapter 4?

(see the answer key)

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