View a FREE sample

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

Multiple Choice Questions

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

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

3. 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 the most successful.
(d) Were more educated.

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

5. What is the name of the investment group begun by Charlie Ledley and his partner in Chapter 5?
(a) Scion Capital.
(b) Cornwall Capital Management.
(c) FrontPoint.
(d) Capital One Financial.

6. With whose assistance did Steve Eisman publish a report outlining the bad practices of the subprime mortgage lender in Chapter 1?
(a) Meredith Whitney's.
(b) Greg Lippmann's.
(c) Michael Lewis'.
(d) Vincent Daniel's.

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

8. Where did Michael Lewis grow up?
(a) New Orleans, Louisiana.
(b) Phoenix, Arizona.
(c) Denver, Colorado.
(d) Dallas, Texas.

9. What is the name of Mike Burry's investment group?
(a) Oppenheimer and Co.
(b) Cornwall Capital Management.
(c) Moody's.
(d) Scion Capital.

10. Where did Steve Eisman's wife threaten to move to and raise chickens in Chapter 1?
(a) Delaware.
(b) Rhode Island.
(c) Maine.
(d) Vermont.

11. On what date did the head of the International Monetary Fund warn that the world financial system was teetering on the "brink of systemic meltdown"?
(a) June 28, 2007.
(b) August 15, 2009.
(c) October 11, 2008.
(d) March 4, 2006.

12. Who offered Michael Burry bonds at $100 million a deal in Chapter 2?
(a) Bank of America.
(b) Oppenheimer and Co.
(c) Deutsche Bank.
(d) Goldman Sachs.

13. With the creation of ______, mortgage companies became inspired to grow quickly and offer a great many loans to customers.
(a) Moody's.
(b) Standard & Poor's.
(c) Mortgage bonds.
(d) FICO Scores.

14. What was Michael Lewis' first book?
(a) Digital Money.
(b) Stock Junkies.
(c) Liar's Poker.
(d) Trade or Die.

15. In Chapter 5, Charlie Ledley and Jamie Mai continued to make risky investments until they had grown their investment company to how much?
(a) $30 million.
(b) $10 million.
(c) $200 million.
(d) $75 million.

Short Answer Questions

1. Steve Eisman got his job with Oppenheimer and Co. through whom?

2. What mortgage lender did an Oppenheimer banker obtain information on from Steve Eisman in Chapter 1?

3. Gene Park discovered that the CDSs being sold by his company contained more what than anyone knew?

4. The alterations to bond ratings made by mortgage lenders in Chapter 4 led to such things as lending how much money to a migrant worker who made only $14,000 a year?

5. Who was Gene Park's boss in Chapter 4?

(see the answer keys)

This section contains 471 words (approx. 2 pages at 300 words per page) View a FREE sample