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This quiz consists of 5 multiple choice and 5 short answer questions through Prologue and Chapter 1.

Multiple Choice Questions

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

2. When was Michael Lewis born?
(a) 1960.
(b) 1956.
(c) 1957.
(d) 1963.

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

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

5. 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) March 4, 2006.
(b) June 28, 2007.
(c) August 15, 2009.
(d) October 11, 2008.

Short Answer Questions

1. Where did Michael Lewis grow up?

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

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

4. What had Steve Eisman studied in college?

5. What are bonds that are made up of mortgages sold to consumers by banks?

(see the answer key)

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