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

Multiple Choice Questions

1. Who thought that if AIG stopped buying the bonds, the subprime mortgage bond market would collapse, making him a fortune in Chapter 3?
(a) Meredith Whitney.
(b) Michael Lewis.
(c) Greg Lippman.
(d) Euguene Xu.

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

3. What are bonds that are made up of mortgages sold to consumers by banks?
(a) Optimum bonds.
(b) Subprime bonds.
(c) Mortgage rate stocks.
(d) Mortgage bonds.

4. What does FINRA stand for?
(a) Future Inverstment Reparations Act.
(b) Fiscal Imaginaton Repression Agency.
(c) Financial Industry Regulatory Authority, Inc.
(d) Fiscal Investment Recovery Act.

5. In a short time, Michael Burry had credit default swaps worth what in subprime mortgage bonds in Chapter 2?
(a) $1 billion.
(b) $750 million.
(c) $550 million.
(d) $200 million.

Short Answer Questions

1. With how much capital did Charlie Ledley and his partner begin a hedge fund in Chapter 5?

2. In Chapter 3, soon all the CDSs AIG FP sold consisted primarily of what?

3. At the conference in Chapter 6, Charlie Ledley found himself being courted by what company and chiefly ignored by most of the other conference attendees?

4. When was Michael Lewis' first book published?

5. As Steve Eisman's team investigated in Chapter 4, they found patterns in the people and states that what?

(see the answer key)

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