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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 6-7.

Multiple Choice Questions

1. 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) 18.
(d) 24.

2. In Chapter 7, Steve Eisman learned that the rating companies were working with the same information as who?
(a) The Chinese.
(b) Himself.
(c) The government.
(d) The investors.

3. For what company did Ben Hockett work when he met Jamie Mai?
(a) AIG FP.
(b) Deutsche Bank.
(c) Oppenheimer and Co.
(d) Standard & Poor's.

4. With how much capital did Charlie Ledley and his partner begin a hedge fund in Chapter 5?
(a) $60,000.
(b) $110,000.
(c) $40,000.
(d) $75,000.

5. The first night of the conference in Chapter 6, Steve Eisman was seated next to a man named what?
(a) Wing Chau.
(b) Mike Burry.
(c) Euguene Xu.
(d) Charlie Ledley.

Short Answer Questions

1. Meredith Whitney was an analyst of financial firms for what company in 2007?

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?

3. 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?

4. What had Steve Eisman studied in college?

5. Where did Ben Hockett live and make investments from in Chapter 5?

(see the answer key)

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