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

Multiple Choice Questions

1. In finance, what occurs when a debtor has not met his or her legal obligations according to the debt contract?
(a) Default.
(b) Refinancing.
(c) Repossesion.
(d) Forclosure.

2. On what date did the head of the International Monetary Fund warn that the world financial system was teetering on the "brink of systemic meltdown"?
(a) October 11, 2008.
(b) March 4, 2006.
(c) June 28, 2007.
(d) August 15, 2009.

3. After the conference in Chapters 6 and 7, who began buying millions of CDOs, anxious to buy as many as they could before it was too late?
(a) Ledley, Mai, and Hockett.
(b) Mai and Hockett.
(c) Eismann, Burry, and Hockett.
(d) Ledley and Eismann.

4. 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) Vincent Daniel's.
(d) Greg Lippmann's.

5. The first night of the conference in Chapter 6, Steve Eisman was seated next to a man named what?
(a) Mike Burry.
(b) Wing Chau.
(c) Charlie Ledley.
(d) Euguene Xu.

Short Answer Questions

1. At the conference in Chapter 6, Charlie Ledley spoke a man from what company that would eventually do business with Ledley's hedge fund?

2. When was Michael Burry born?

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

4. What online database is maintained by the SEC from which investors can access information filed with the agency?

5. In Chapter 4, AIG FP did not get whose message as he assumed they had?

(see the answer key)

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