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

Multiple Choice Questions

1. With how much capital did Charlie Ledley and his partner begin a hedge fund in Chapter 5?
(a) $40,000.
(b) $60,000.
(c) $75,000.
(d) $110,000.

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

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

4. Where was the conference for subprime mortgage bond salesmen and buyers in Chapter 6?
(a) Las Vegas.
(b) New York.
(c) Miami.
(d) Chicago.

5. 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?
(a) $350 thousand.
(b) $500 thousand.
(c) $150 thousand.
(d) $700 thousand.

Short Answer Questions

1. What is a collection of one hundred different mortgage bonds, usually the riskiest that are combined to create a new group of bonds that could take the low rated bonds and reclassify them at a higher rate?

2. In what year did Steve Eisman stop working as an analyst and start his own hedge fund?

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. What did Michael Burry study in college?

5. With Ben Hockett's help, Cornwall received a contract which allowed them to buy what?

(see the answer key)

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