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

Multiple Choice Questions

1. In 2007, Meredith Whitney announced that what company had so mismanaged its affairs that it would slash its dividend or crash?
(a) Salomon Brothers.
(b) Citigroup.
(c) The Fitch Group.
(d) Gotham Capital.

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

3. What does CDS stand for?
(a) Commercial data systems.
(b) Credit default swap.
(c) Consumer data system.
(d) Credit foreclosure systems.

4. Gene Park discovered that the CDSs being sold by his company contained more what than anyone knew?
(a) Subprime mortgage bonds.
(b) Car loans.
(c) Grain futures.
(d) Precious metals.

5. 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) 17.
(b) 15.
(c) 24.
(d) 18.

Short Answer Questions

1. With whom did Michael Burry make his first credit default swap?

2. When was Michael Lewis' first book published?

3. The woman who stated that her supervisors picked and chose which mortgage bonds would be triple-A rated despite her frequent recommendations that most of them be downgraded worked for what company in Chapter 4?

4. What is the title of Chapter 4?

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?

(see the answer key)

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