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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 2-3.

Multiple Choice Questions

1. Who agreed to a $5 million dollar deal with Michael Burry in Chapter 2?
(a) Goldman Sachs.
(b) Cornwall Capital Management.
(c) Bank of America.
(d) Scion Capital

2. When did Steve Eisman publish a report outlining the bad practices of the subprime mortgage lender in Chapter 1?
(a) 1997.
(b) 1988.
(c) 1994.
(d) 1990.

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"?
(a) March 4, 2006.
(b) August 15, 2009.
(c) June 28, 2007.
(d) October 11, 2008.

4. What are bonds that are made up of mortgages sold to consumers by banks?
(a) Mortgage rate stocks.
(b) Mortgage bonds.
(c) Optimum bonds.
(d) Subprime bonds.

5. In Chapter 3, soon all the CDSs AIG FP sold consisted primarily of what?
(a) Gold and silver.
(b) Subprime mortgages.
(c) Pork futures.
(d) Auto loans.

Short Answer Questions

1. What was Michael Lewis' first book?

2. When did money manager Michael Burry become interested in bonds?

3. 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?

4. What had Steve Eisman studied in college?

5. What does AIG FP stand for?

(see the answer key)

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