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

2. How much money did Charlie Ledley and Jamie Mai make from their first major investment in a company with legal trouble in Chapter 5?
(a) Over $3 million.
(b) Over $500,000.
(c) Over $1 million.
(d) Over $5 million.

3. 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) 2001.
(b) 2005.
(c) 2007.
(d) 1999.

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

5. Who began shorting the stocks of rating companies as well as many of the CDO managers in Chapter 6?
(a) Jamie Mai.
(b) Charlie Ledley.
(c) Steve Eisman.
(d) Mike Burry.

Short Answer Questions

1. How much ownership was Howie Hubler over his own company in the deal in Chapter 9?

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

3. With Ben Hockett's help, Cornwall received a contract which allowed them to buy what?

4. In Chapter 9, Lippmann gave Hubler several chances to back out of the deal at a loss, but Hubler continuously refused until finally settling with Deutsche Bank for more than how much?

5. How much did Mike Burry make for his investors from selling his CDSs in Chapter 9?

(see the answer key)

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