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 is a division of The McGraw-Hill Companies that publishes financial research and analysis on stocks and bonds?
(a) Cornwall Capital Management.
(b) Deutsche Bank.
(c) Scion Capital.
(d) Standard & Poor's.

2. Who is an American former stockbroker, investment adviser, non-executive chairman of the NASDAQ stock market, and the admitted operator of what has been described as the largest Ponzi scheme in history?
(a) Greg Lippmann.
(b) Charlie Ledley.
(c) Bernard Madoff.
(d) Lewis Ranieri.

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

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

5. In finance, what occurs when a debtor has not met his or her legal obligations according to the debt contract?
(a) Refinancing.
(b) Default.
(c) Repossesion.
(d) Forclosure.

Short Answer Questions

1. When did Howie Hubler go on vacation and never return in Chapter 9?

2. The mortgage boom and bust which is central in The Big Short: Inside the Doomsday Machine took place between what years?

3. The first night of the conference in Chapter 6, Steve Eisman found himself attending a dinner thrown by what company?

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

5. 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?

(see the answer key)

This section contains 277 words (approx. 1 page at 300 words per page) View a FREE sample