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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 4-5.

Multiple Choice Questions

1. 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?
(a) 15.
(b) 18.
(c) 24.
(d) 17.

2. What did Michael Burry study in college?
(a) Engineering.
(b) Law.
(c) Medicine.
(d) History.

3. With whose assistance did Steve Eisman publish a report outlining the bad practices of the subprime mortgage lender in Chapter 1?
(a) Meredith Whitney's.
(b) Michael Lewis'.
(c) Vincent Daniel's.
(d) Greg Lippmann's.

4. What is a global financial service company with its headquarters in Frankfurt, Germany?
(a) The Fitch Group.
(b) Morgan Stanley.
(c) Deutsche Bank.
(d) Oppenheimer and Co.

5. What majority-owned subsidiary of Fimalac, S.A., is a global rating agency dedicated to providing value beyond the rating through independent and prospective credit opinions, research and data?
(a) Standard & Poor's.
(b) Wachovia.
(c) The Fitch Group.
(d) Deutsche Bank.

Short Answer Questions

1. The alterations to bond ratings made by mortgage lenders in Chapter 4 led to such things as lending how much money to a migrant worker who made only $14,000 a year?

2. Gene Park discovered that the CDSs being sold by his company contained more what than anyone knew?

3. Steve Eisman's team discovered in Chapter 4 that the mortgage lenders were using what to alter the rating of their bonds?

4. In Michael Burry's first credit default swap, what was the rate of each bond purchased?

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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