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

Multiple Choice Questions

1. Gene Park worked for what company in Chapter 4?
(a) Wachovia.
(b) Standard & Poor's.
(c) FrontPoint.
(d) AIG FP.

2. An investment corporation needs a contract through what in order to trade in securities that are traditionally only bought and sold between large investing bodies?
(a) COMA.
(b) ISDA.
(c) IMDB.
(d) USDA.

3. After Eisman's published report, there were no more public subprime mortgage lenders by what year, as described in Chapter 1?
(a) 2006.
(b) 2002.
(c) 2007.
(d) 2004.

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

5. Steve Eisman discovered that what company was fraudulently selling fifteen year mortgages under the guise of thirty year mortgages?
(a) Household Finance Corporation.
(b) Salomon Brothers.
(c) Gotham Capital.
(d) The Fitch Group.

6. What Chinese national who came in second in a math competition in China accompanied Greg Lippmann in Chapter 3?
(a) Michael Oher.
(b) Steve Eisman.
(c) Meredith Whitney.
(d) Euguene Xu.

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

8. In 2007, Meredith Whitney announced that what company had so mismanaged its affairs that it would slash its dividend or crash?
(a) Citigroup.
(b) Gotham Capital.
(c) The Fitch Group.
(d) Salomon Brothers.

9. What does AIG FP stand for?
(a) American Investment Group Financial Portfolios.
(b) American International Group Fiscal Products.
(c) American International Group Financial Products.
(d) American Investment Group Financial Portfolios.

10. What is the title of Chapter 5?
(a) Wall Street Rookies.
(b) Accidental Capitalists.
(c) A Lucky Fortune.
(d) The Blind Investors.

11. Steve Eisman's team discovered in Chapter 4 that the mortgage lenders were using what to alter the rating of their bonds?
(a) Hackers.
(b) Bad math.
(c) FICO scores.
(d) Insider trading.

12. What mortgage lender did an Oppenheimer banker obtain information on from Steve Eisman in Chapter 1?
(a) Gotham Capital.
(b) Citigroup.
(c) Bear Stearns.
(d) Aames Financial.

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

14. Gene Park discovered that the CDSs being sold by his company contained more what than anyone knew?
(a) Grain futures.
(b) Subprime mortgage bonds.
(c) Car loans.
(d) Precious metals.

15. What is the title of Chapter 4?
(a) How to Harvest a Migrant Worker.
(b) The Mortgage Harvest.
(c) My Work in Mortgages.
(d) Migrant Workers in Beverly Hills.

Short Answer Questions

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

2. Who went to a conference of subprime mortgage bond professionals and learned from a woman that her supervisors picked and chose which mortgage bonds would be triple-A rated despite her frequent recommendations that most of them be downgraded?

3. For what company did Ben Hockett work when he met Jamie Mai?

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

5. Meredith Whitney was an analyst of financial firms for what company in 2007?

(see the answer keys)

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