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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 2-3.

Multiple Choice Questions

1. What had Steve Eisman studied in college?
(a) International trade.
(b) Art history.
(c) Corporate law.
(d) South American history.

2. In Michael Burry's first credit default swap, what was the rate of each bond purchased?
(a) $10 million.
(b) $7 million.
(c) $3 million.
(d) $1 million.

3. What had Michael Burry's father warned him to stay away from in Chapter 2?
(a) The stock market.
(b) Fire.
(c) Women.
(d) Las Vegas.

4. Where did Steve Eisman's wife threaten to move to and raise chickens in Chapter 1?
(a) Maine.
(b) Vermont.
(c) Delaware.
(d) Rhode Island.

5. 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.

Short Answer Questions

1. What does AIG FP stand for?

2. In a short time, Michael Burry had credit default swaps worth what in subprime mortgage bonds in Chapter 2?

3. 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?

4. For what company did Michael Lewis begin working after earning his Masters degree in Economics?

5. What is often referred to as a form of insurance that protects a lender if a borrower of capital defaults on a loan?

(see the answer key)

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