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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 is the name of the investment group Steve Eisman formed after quitting his job as a bond analyst?
(a) Deutsche Bank.
(b) Scion Capital.
(c) Cornwall Capital Management.
(d) FrontPoint.

2. With Ben Hockett's help, Cornwall received a contract which allowed them to buy what?
(a) CDOs.
(b) ISDAs.
(c) CDSs.
(d) FICOs.

3. Where did Michael Lewis grow up?
(a) Denver, Colorado.
(b) Phoenix, Arizona.
(c) Dallas, Texas.
(d) New Orleans, Louisiana.

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

5. 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?
(a) $500 thousand.
(b) $700 thousand.
(c) $350 thousand.
(d) $150 thousand.

Short Answer Questions

1. During their research, Ledley and Mai discovered that many CDOs were comprised of triple-B rated mortgages being sold as what?

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

3. What is the title of Chapter 4?

4. What was Michael Lewis' first book?

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

(see the answer key)

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