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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 6-7.

Multiple Choice Questions

1. What company did Charlie Ledley and Jamie Mai investigate because of some legal troubles, deciding that the legal trouble would blow over and their low stock would soon rally in Chapter 5?
(a) Capital One Financial.
(b) Oppenheimer and Co.
(c) Cornwall Capital Management.
(d) Deutsche Bank.

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

3. What are divisions of mortgage bonds in which the mortgage bonds are divided into pieces?
(a) Tranches.
(b) FICO Scores.
(c) Credit default swap.
(d) Collateral debt obligation.

4. The first night of the conference in Chapter 6, Steve Eisman was seated next to a man named what?
(a) Charlie Ledley.
(b) Mike Burry.
(c) Wing Chau.
(d) Euguene Xu.

5. 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) IMDB.
(b) USDA.
(c) ISDA.
(d) COMA.

Short Answer Questions

1. During their research, Ledley and Mai discovered that many CDOs were comprised of triple-B rated mortgages being sold as what?

2. The woman who stated that her supervisors picked and chose which mortgage bonds would be triple-A rated despite her frequent recommendations that most of them be downgraded worked for what company in Chapter 4?

3. At what age was Michael Lewis when he was shocked that Wall Street would allow him to buy and sell stocks, as described in the Prologue?

4. After the conference in Chapters 6 and 7, who began buying millions of CDOs, anxious to buy as many as they could before it was too late?

5. When was Michael Lewis' first book published?

(see the answer key)

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