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

Multiple Choice Questions

1. Who went to a conference of subprime mortgage bond professionals and learned from a woman that her supervisors picked and chose which mortgage bonds would be triple-A rated despite her frequent recommendations that most of them be downgraded?
(a) Vincent Daniel.
(b) Jamie Mai.
(c) Steve Eisman.
(d) Ernestine Warner.

2. How much money did Charlie Ledley and Jamie Mai make from their first major investment in a company with legal trouble in Chapter 5?
(a) Over $500,000.
(b) Over $5 million.
(c) Over $1 million.
(d) Over $3 million.

3. The sale of CDSs grew AIG FP so quickly that it provided what percent of AIG's profits in Chapter 3?
(a) 25.
(b) 20.
(c) 15.
(d) 35.

4. Where did Ben Hockett live and make investments from in Chapter 5?
(a) Berkeley Hills, California.
(b) Seattle, Washington.
(c) Portland, Oregon.
(d) San Francisco, California.

5. How old was Charlie Ledley when he moved to California to create a hedge fund?
(a) 18.
(b) 21.
(c) 27.
(d) 30.

Short Answer Questions

1. With how much capital did Charlie Ledley and his partner begin a hedge fund in Chapter 5?

2. Steve Eisman discovered that what company was fraudulently selling fifteen year mortgages under the guise of thirty year mortgages?

3. What is the title of Chapter 5?

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

5. With whose assistance did Steve Eisman publish a report outlining the bad practices of the subprime mortgage lender in Chapter 1?

(see the answer key)

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