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

Multiple Choice Questions

1. Steve Eisman's team discovered in Chapter 4 that the mortgage lenders were using what to alter the rating of their bonds?
(a) Insider trading.
(b) FICO scores.
(c) Hackers.
(d) Bad math.

2. What mortgage lender did an Oppenheimer banker obtain information on from Steve Eisman in Chapter 1?
(a) Bear Stearns.
(b) Aames Financial.
(c) Gotham Capital.
(d) Citigroup.

3. Where did Michael Lewis work as a bond salesman after earning his Masters degree in Economics?
(a) Berkeley.
(b) Paris.
(c) Stockholm.
(d) London.

4. How much money did Howie Hubler owe Deutsche Bank on the CDOs purchased from Hubler in Chapter 9?
(a) $650 million.
(b) $750 million.
(c) $1.2 billion.
(d) $900 million.

5. Howie Hubler was a bond trader for what company in Chapter 9?
(a) Morgan Stanley.
(b) Bear Sterns.
(c) Merrill Lynch.
(d) Wachovia.

Short Answer Questions

1. When did Scion Capital open business?

2. What refers to a cumulative number that suggests a consumer's credit risk?

3. What was Michael Lewis' first book?

4. Where did Michael Burry begin cataloging his investments and their results, which drew interest from Wall Street brokers without Burry's knowledge?

5. What is a legal document that institutions and businesses use to describe the securities they are offering for participants and buyers?

(see the answer key)

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