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

Multiple Choice Questions

1. What mortgage lender did an Oppenheimer banker obtain information on from Steve Eisman in Chapter 1?
(a) Citigroup.
(b) Aames Financial.
(c) Bear Stearns.
(d) Gotham Capital.

2. 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) 2001.
(c) 2005.
(d) 1999.

3. 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) The Fitch Group.
(b) Deutsche Bank.
(c) Standard & Poor's.
(d) Wachovia.

4. What does CDO stand for?
(a) Collateralized debt obligations.
(b) Calculated debt options.
(c) Common debt obligations.
(d) Client debt options.

5. What company did Charlie Ledley and Jamie Mai investigate because of some legal troubles, deciding that the legal trouble would blow over and their low stock would soon rally in Chapter 5?
(a) Deutsche Bank.
(b) Oppenheimer and Co.
(c) Cornwall Capital Management.
(d) Capital One Financial.

Short Answer Questions

1. When Cornwall Capital Management moved to Bear Sterns, their account was handled by whom?

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

3. An investment corporation needs a contract through what in order to trade in securities that are traditionally only bought and sold between large investing bodies?

4. Who was Gene Park's boss in Chapter 4?

5. How old was Charlie Ledley when he moved to California to create a hedge fund?

(see the answer key)

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