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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. Meredith Whitney was an analyst of financial firms for what company in 2007?
(a) Oppenheimer and Co.
(b) Citigroup.
(c) Salomon Brothers.
(d) Household Finance Corporation.

2. What refers to loans made to customers with less than perfect credit?
(a) High interest.
(b) CDS's.
(c) Subprime.
(d) Gambles.

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

4. What had Michael Burry's father warned him to stay away from in Chapter 2?
(a) Las Vegas.
(b) Fire.
(c) The stock market.
(d) Women.

5. In criminal law, what is an intentional deception made for personal gain or to damage another individual?
(a) Contempt.
(b) Embezzlement.
(c) Fraud.
(d) Heresy.

6. Michael Burry worked as a resident in what field in Chapter 2?
(a) Optometry.
(b) Cardiology.
(c) Neurology.
(d) Proctology.

7. As Steve Eisman's team investigated in Chapter 4, they found patterns in the people and states that what?
(a) Suffered the highest default rates.
(b) Had warmer climates.
(c) Were more educated.
(d) Were the most successful.

8. Who agreed to a $5 million dollar deal with Michael Burry in Chapter 2?
(a) Scion Capital
(b) Cornwall Capital Management.
(c) Goldman Sachs.
(d) Bank of America.

9. Steve Eisman got his job with Oppenheimer and Co. through whom?
(a) His parents.
(b) His neighbor.
(c) A friend from college.
(d) His uncle..

10. What companies approached Michael Burry and provided him with capital to begin his new company?
(a) FrontPoint and Oppenheimer and Co.
(b) Oppenheimer and Co. and Deutsche Bank.
(c) Deutsche Bank and Standard & Poor's.
(d) Gotham Capital and White Mountains.

11. When did Steve Eisman publish a report outlining the bad practices of the subprime mortgage lender in Chapter 1?
(a) 1997.
(b) 1990.
(c) 1994.
(d) 1988.

12. When did money manager Michael Burry become interested in bonds?
(a) 1996.
(b) 2000.
(c) 2002.
(d) 2004.

13. Where did Michael Burry begin cataloging his investments and their results, which drew interest from Wall Street brokers without Burry's knowledge?
(a) A newspaper.
(b) A magazine.
(c) A blog.
(d) A library.

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

15. In what year did Steve Eisman stop working as an analyst and start his own hedge fund?
(a) 1988.
(b) 2004.
(c) 1992.
(d) 1997.

Short Answer Questions

1. What is a division of The McGraw-Hill Companies that publishes financial research and analysis on stocks and bonds?

2. What is a global financial service company with its headquarters in Frankfurt, Germany?

3. What is a collection of one hundred different mortgage bonds, usually the riskiest that are combined to create a new group of bonds that could take the low rated bonds and reclassify them at a higher rate?

4. Where did Michael Lewis grow up?

5. Gene Park worked in offices where in Chapter 4?

(see the answer keys)

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