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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 10 and Epilogue.

Multiple Choice Questions

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

2. A percentage of FrontPoint was owned by what major investment firm?
(a) Merrill Lynch.
(b) Citigroup.
(c) Wachovia.
(d) Morgan Stanley.

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

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

5. In finance, what occurs when a debtor has not met his or her legal obligations according to the debt contract?
(a) Forclosure.
(b) Repossesion.
(c) Refinancing.
(d) Default.

Short Answer Questions

1. When did Steve Eisman publish a report outlining the bad practices of the subprime mortgage lender in Chapter 1?

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

3. In Chapter 7, Eisman not only bought the CDOs offered by Lippmann, but he also began to short who?

4. How old was Charlie Ledley when he moved to California to create a hedge fund?

5. What are bonds that are made up of mortgages sold to consumers by banks?

(see the answer key)

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