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

Multiple Choice Questions

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

2. 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) Wachovia.
(d) Standard & Poor's.

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

4. What are bonds that are made up of mortgages sold to consumers by banks?
(a) Mortgage rate stocks.
(b) Subprime bonds.
(c) Mortgage bonds.
(d) Optimum bonds.

5. During their research, Ledley and Mai discovered that many CDOs were comprised of triple-B rated mortgages being sold as what?
(a) Triple-A.
(b) Triple-C.
(c) Double-C.
(d) Double-B.

Short Answer Questions

1. Gene Park worked in offices where in Chapter 4?

2. Where did Michael Burry begin cataloging his investments and their results, which drew interest from Wall Street brokers without Burry's knowledge?

3. When was Michael Lewis' first book published?

4. In Chapter 4, AIG FP did not get whose message as he assumed they had?

5. Where did Steve Eisman's wife threaten to move to and raise chickens in Chapter 1?

(see the answer key)

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