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

Multiple Choice Questions

1. What is the title of Chapter 4?
(a) My Work in Mortgages.
(b) Migrant Workers in Beverly Hills.
(c) The Mortgage Harvest.
(d) How to Harvest a Migrant Worker.

2. What does the SEC refer to?
(a) Sellers and Engineers Committee.
(b) Special Experts Conglomerate.
(c) Securities and Exchange Commission.
(d) Speculators and Experts Council.

3. In Chapter 7, Eisman came to the conclusion that none of the banks dealing in CDSs and CDOs really appreciated the disaster awaiting them because of what?
(a) The high ratings the rating companies were giving these CDSs and CDOs.
(b) The lack of ratings the rating companies were giving these CDSs and CDOs.
(c) The low ratings the rating companies were giving these CDSs and CDOs.
(d) The average ratings the rating companies were giving these CDSs and CDOs.

4. What mortgage lender did an Oppenheimer banker obtain information on from Steve Eisman in Chapter 1?
(a) Aames Financial.
(b) Gotham Capital.
(c) Citigroup.
(d) Bear Stearns.

5. Analysts from where revealed to Eisman that no one truly understood these CDOs in Chapter 6?
(a) Overseas.
(b) Rating companies.
(c) Magazines.
(d) Banks.

Short Answer Questions

1. In Chapter 7, Eisman not only bought the CDOs offered by Lippmann, but he also began to short who?

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

3. Who was the head of the surveillance department at Moody in Chapter 7?

4. Where was the conference for subprime mortgage bond salesmen and buyers in Chapter 6?

5. Who thought that if AIG stopped buying the bonds, the subprime mortgage bond market would collapse, making him a fortune in Chapter 3?

(see the answer key)

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