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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. 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) 2005.
(b) 2007.
(c) 1999.
(d) 2001.

2. 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) FrontPoint.
(d) Cornwall Capital Management.

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

4. In what year did Steve Eisman stop working as an analyst and start his own hedge fund?
(a) 1988.
(b) 1992.
(c) 2004.
(d) 1997.

5. What is often referred to as a form of insurance that protects a lender if a borrower of capital defaults on a loan?
(a) Credit default swap.
(b) Tranches.
(c) FICO Scores.
(d) Collateral debt obligation.

Short Answer Questions

1. Where did Steve Eisman's wife threaten to move to and raise chickens in Chapter 1?

2. When was Michael Lewis born?

3. Where did Michael Lewis grow up?

4. With the creation of ______, mortgage companies became inspired to grow quickly and offer a great many loans to customers.

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

(see the answer key)

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