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

Multiple Choice Questions

1. After the conference in Chapter 6, Eisman and his group began paying close attention to what?
(a) Lending companies.
(b) Rating companies.
(c) The price of oil.
(d) The Euro.

2. What Chinese national who came in second in a math competition in China accompanied Greg Lippmann in Chapter 3?
(a) Michael Oher.
(b) Steve Eisman.
(c) Meredith Whitney.
(d) Euguene Xu.

3. Morgan Stanley lost more than how much on Hubler's CDO deals, as described in Chapter 9?
(a) $9 billion.
(b) $5 billion.
(c) $4 billion.
(d) $3 billion.

4. What does NASD stand for?
(a) National Association of Securities Dealers.
(b) Native Association of Stock Dealers.
(c) Numerical Assembly of Securities Dealers.
(d) National Assembly of Stock Dealers.

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

Short Answer Questions

1. After the conference in Chapters 6 and 7, who began buying millions of CDOs, anxious to buy as many as they could before it was too late?

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

3. The mortgage boom and bust which is central in The Big Short: Inside the Doomsday Machine took place between what years?

4. What is the title of Chapter 4?

5. What refers to loans made to customers with less than perfect credit?

(see the answer key)

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