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

Multiple Choice Questions

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

2. When was Michael Lewis born?
(a) 1963.
(b) 1957.
(c) 1960.
(d) 1956.

3. What does CDS stand for?
(a) Commercial data systems.
(b) Credit foreclosure systems.
(c) Credit default swap.
(d) Consumer data system.

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

5. 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) August 15, 2009.
(b) June 28, 2007.
(c) October 11, 2008.
(d) March 4, 2006.

Short Answer Questions

1. By what year had Steve Eisman gathered a group of investors around himself filled with people who believed as he did that no one on Wall Street knew what they were doing, as described in Chapter 1?

2. What companies approached Michael Burry and provided him with capital to begin his new company?

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

4. 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?

5. At what age was Michael Lewis when he was shocked that Wall Street would allow him to buy and sell stocks, as described in the Prologue?

(see the answer key)

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