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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. With the creation of ______, mortgage companies became inspired to grow quickly and offer a great many loans to customers.
(a) Moody's.
(b) Standard & Poor's.
(c) FICO Scores.
(d) Mortgage bonds.

2. What had Steve Eisman studied in college?
(a) South American history.
(b) Art history.
(c) Corporate law.
(d) International trade.

3. Where did Michael Lewis grow up?
(a) New Orleans, Louisiana.
(b) Dallas, Texas.
(c) Phoenix, Arizona.
(d) Denver, Colorado.

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

5. What is the name of the investment group Steve Eisman formed after quitting his job as a bond analyst?
(a) Scion Capital.
(b) Deutsche Bank.
(c) Cornwall Capital Management.
(d) FrontPoint.

Short Answer Questions

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

2. At what age was Michael Lewis when he was shocked that Wall Street would allow him to buy and sell stocks, as described in the Prologue?

3. What refers to loans made to customers with less than perfect credit?

4. What is often referred to as a form of insurance that protects a lender if a borrower of capital defaults on a loan?

5. In 2007, Meredith Whitney announced that what company had so mismanaged its affairs that it would slash its dividend or crash?

(see the answer key)

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