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

Multiple Choice Questions

1. Where did Michael Lewis work as a bond salesman after earning his Masters degree in Economics?
(a) Berkeley.
(b) Paris.
(c) Stockholm.
(d) London.

2. As Steve Eisman's team investigated in Chapter 4, they found patterns in the people and states that what?
(a) Suffered the highest default rates.
(b) Were more educated.
(c) Were the most successful.
(d) Had warmer climates.

3. What does CDO stand for?
(a) Client debt options.
(b) Common debt obligations.
(c) Collateralized debt obligations.
(d) Calculated debt options.

4. What is the title of Chapter 6?
(a) Wall Street Bigshot.
(b) Accidental Capitalists.
(c) How to Harvest a Migrant Worker.
(d) Spider-Man at The Venetian.

5. The first night of the conference in Chapter 6, Steve Eisman found himself attending a dinner thrown by what company?
(a) Wachovia.
(b) Deutsche Bank.
(c) Moody's.
(d) Oppenheimer and Co.

Short Answer Questions

1. How much money did Charlie Ledley and Jamie Mai make from their first major investment in a company with legal trouble in Chapter 5?

2. Steve Eisman discovered that what company was fraudulently selling fifteen year mortgages under the guise of thirty year mortgages?

3. After Eisman's published report, there were no more public subprime mortgage lenders by what year, as described in Chapter 1?

4. Who thought that if AIG stopped buying the bonds, the subprime mortgage bond market would collapse, making him a fortune in Chapter 3?

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

(see the answer key)

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