View a FREE sample

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

Multiple Choice Questions

1. What Chinese national who came in second in a math competition in China accompanied Greg Lippmann in Chapter 3?
(a) Euguene Xu.
(b) Michael Oher.
(c) Steve Eisman.
(d) Meredith Whitney.

2. What are bonds that are made up of mortgages sold to consumers by banks?
(a) Mortgage bonds.
(b) Subprime bonds.
(c) Mortgage rate stocks.
(d) Optimum bonds.

3. The mortgage boom and bust which is central in The Big Short: Inside the Doomsday Machine took place between what years?
(a) 2001-2007.
(b) 2005-2008.
(c) 2002-2006.
(d) 1999-2004.

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

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

Short Answer Questions

1. With whom did Michael Burry make his first credit default swap?

2. Morgan Stanley lost more than how much on Hubler's CDO deals, as described in Chapter 9?

3. How much did Mike Burry make for his investors from selling his CDSs in Chapter 9?

4. 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?

5. With whose assistance did Steve Eisman publish a report outlining the bad practices of the subprime mortgage lender in Chapter 1?

(see the answer key)

This section contains 251 words (approx. 1 page at 300 words per page) View a FREE sample