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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 8-9.

Multiple Choice Questions

1. With whose assistance did Steve Eisman publish a report outlining the bad practices of the subprime mortgage lender in Chapter 1?
(a) Meredith Whitney's.
(b) Vincent Daniel's.
(c) Michael Lewis'.
(d) Greg Lippmann's.

2. What had Steve Eisman studied in college?
(a) Corporate law.
(b) South American history.
(c) International trade.
(d) Art history.

3. With whom did Michael Burry make his first credit default swap?
(a) Oppenheimer and Co.
(b) Cornwall Capital Management.
(c) Deutsche Bank.
(d) Scion Capital.

4. By what year had Steve Eisman gathered a group of investors around himself filled with people who believed as he did that no one on Wall Street knew what they were doing, as described in Chapter 1?
(a) 1999.
(b) 2005.
(c) 2001.
(d) 2007.

5. 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) Steve Eisman.
(b) Ernestine Warner.
(c) Jamie Mai.
(d) Vincent Daniel.

Short Answer Questions

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

2. What did "NASDAQ" originally stand for?

3. Gene Park worked for what company in Chapter 4?

4. The SEC was established by the United States Congress in what year?

5. What does the SEC refer to?

(see the answer key)

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