View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 8-9.

Multiple Choice Questions

1. Who went to a conference of subprime mortgage bond professionals and learned from a woman that her supervisors picked and chose which mortgage bonds would be triple-A rated despite her frequent recommendations that most of them be downgraded?
(a) Steve Eisman.
(b) Vincent Daniel.
(c) Ernestine Warner.
(d) Jamie Mai.

2. The alterations to bond ratings made by mortgage lenders in Chapter 4 led to such things as lending how much money to a migrant worker who made only $14,000 a year?
(a) $150 thousand.
(b) $500 thousand.
(c) $700 thousand.
(d) $350 thousand.

3. Steve Eisman got his job with Oppenheimer and Co. through whom?
(a) His parents.
(b) A friend from college.
(c) His uncle..
(d) His neighbor.

4. Gene Park worked in offices where in Chapter 4?
(a) Rhode Island.
(b) Virginia.
(c) Connecticut.
(d) Maine.

5. In criminal law, what is an intentional deception made for personal gain or to damage another individual?
(a) Embezzlement.
(b) Contempt.
(c) Heresy.
(d) Fraud.

Short Answer Questions

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

2. With the creation of ______, mortgage companies became inspired to grow quickly and offer a great many loans to customers.

3. What are divisions of mortgage bonds in which the mortgage bonds are divided into pieces?

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

5. What led Michael Burry to leave his original profession and become a money manager?

(see the answer key)

This section contains 261 words (approx. 1 page at 300 words per page) View a FREE sample