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This quiz consists of 5 multiple choice and 5 short answer questions through Prologue and Chapter 1.

Multiple Choice Questions

1. In 2007, Meredith Whitney announced that what company had so mismanaged its affairs that it would slash its dividend or crash?
(a) Gotham Capital.
(b) The Fitch Group.
(c) Salomon Brothers.
(d) Citigroup.

2. When was Michael Lewis' first book published?
(a) 1979.
(b) 1983.
(c) 1989.
(d) 1985.

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

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

5. Meredith Whitney was an analyst of financial firms for what company in 2007?
(a) Household Finance Corporation.
(b) Salomon Brothers.
(c) Oppenheimer and Co.
(d) Citigroup.

Short Answer Questions

1. In finance, what occurs when a debtor has not met his or her legal obligations according to the debt contract?

2. 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?

3. 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"?

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

5. Where did Michael Lewis earn his Masters degree in Economics?

(see the answer key)

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