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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 what year did Steve Eisman stop working as an analyst and start his own hedge fund?
(a) 1992.
(b) 1988.
(c) 2004.
(d) 1997.

2. When was Michael Burry born?
(a) 1971.
(b) 1963.
(c) 1960.
(d) 1959.

3. What is the title of Chapter 4?
(a) How to Harvest a Migrant Worker.
(b) My Work in Mortgages.
(c) The Mortgage Harvest.
(d) Migrant Workers in Beverly Hills.

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

5. For what company did Michael Lewis begin working after earning his Masters degree in Economics?
(a) Oppenheimer and Co.
(b) Salomon Brothers.
(c) Aames Financial.
(d) Citigroup.

Short Answer Questions

1. After the conference in Chapter 6, Eisman and his group began paying close attention to what?

2. What does CDO stand for?

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. Who agreed to a $5 million dollar deal with Michael Burry in Chapter 2?

5. An investment corporation needs a contract through what in order to trade in securities that are traditionally only bought and sold between large investing bodies?

(see the answer key)

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