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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 2-3.

Multiple Choice Questions

1. 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?
(a) 18.
(b) 15.
(c) 17.
(d) 24.

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

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

4. In Michael Burry's first credit default swap, what was the rate of each bond purchased?
(a) $1 million.
(b) $10 million.
(c) $3 million.
(d) $7 million.

5. The sale of CDSs grew AIG FP so quickly that it provided what percent of AIG's profits in Chapter 3?
(a) 25.
(b) 20.
(c) 35.
(d) 15.

Short Answer Questions

1. What does CDO stand for?

2. What was Michael Lewis' first book?

3. After Eisman's published report, there were no more public subprime mortgage lenders by what year, as described in Chapter 1?

4. Where did Michael Lewis work as a bond salesman after earning his Masters degree in Economics?

5. With whose assistance did Steve Eisman publish a report outlining the bad practices of the subprime mortgage lender in Chapter 1?

(see the answer key)

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