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

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

3. Steve Eisman discovered that what company was fraudulently selling fifteen year mortgages under the guise of thirty year mortgages?
(a) The Fitch Group.
(b) Gotham Capital.
(c) Household Finance Corporation.
(d) Salomon Brothers.

4. What is a collection of one hundred different mortgage bonds, usually the riskiest that are combined to create a new group of bonds that could take the low rated bonds and reclassify them at a higher rate?
(a) Tranches.
(b) FICO Scores.
(c) Credit default swap.
(d) Collateral debt obligation.

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

Short Answer Questions

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

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

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

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?

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

(see the answer key)

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