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

Multiple Choice Questions

1. Who was Gene Park's boss in Chapter 4?
(a) Theodore Williams.
(b) Amos Robinson.
(c) John Weatherfield.
(d) Joe Cassano.

2. With Ben Hockett's help, Cornwall received a contract which allowed them to buy what?
(a) CDOs.
(b) FICOs.
(c) ISDAs.
(d) CDSs.

3. Who began taking the bottom tranches of their mortgage bonds and packaging them together to create CDOs in Chapter 3?
(a) Scion Capital.
(b) Standard & Poor's.
(c) Goldman Sachs.
(d) Cornwall Capital Management.

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

5. When was Michael Lewis' first book published?
(a) 1979.
(b) 1989.
(c) 1983.
(d) 1985.

Short Answer Questions

1. 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?

2. What is a legal document that institutions and businesses use to describe the securities they are offering for participants and buyers?

3. Who began shorting the stocks of rating companies as well as many of the CDO managers in Chapter 6?

4. 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?

5. Who is the 29th chairperson of the SEC?

(see the answer key)

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