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

2. After Eisman's published report, there were no more public subprime mortgage lenders by what year, as described in Chapter 1?
(a) 2007.
(b) 2006.
(c) 2002.
(d) 2004.

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

4. 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?
(a) 2007.
(b) 2005.
(c) 1999.
(d) 2001.

5. When was Michael Lewis born?
(a) 1963.
(b) 1960.
(c) 1957.
(d) 1956.

Short Answer Questions

1. 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"?

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

3. What are bonds that are made up of mortgages sold to consumers by banks?

4. What was Michael Lewis' first book?

5. Steve Eisman got his job with Oppenheimer and Co. through whom?

(see the answer key)

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