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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 10 and Epilogue.

Multiple Choice Questions

1. In finance, what occurs when a debtor has not met his or her legal obligations according to the debt contract?
(a) Repossesion.
(b) Refinancing.
(c) Default.
(d) Forclosure.

2. What does the SEC refer to?
(a) Speculators and Experts Council.
(b) Securities and Exchange Commission.
(c) Sellers and Engineers Committee.
(d) Special Experts Conglomerate.

3. Who was CEO of Morgan Stanley at the time Hubler was selling CDOs in Chapter 9?
(a) John Mack.
(b) James Wilson.
(c) Bernie Madoff.
(d) James Smith.

4. Who began shorting the stocks of rating companies as well as many of the CDO managers in Chapter 6?
(a) Charlie Ledley.
(b) Jamie Mai.
(c) Steve Eisman.
(d) Mike Burry.

5. What is the title of Chapter 8?
(a) Bonds and CEOs.
(b) Wall Street.
(c) The Long Quiet.
(d) Two Men in a Boat.

Short Answer Questions

1. 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"?

2. In 2007, Meredith Whitney announced that what company had so mismanaged its affairs that it would slash its dividend or crash?

3. In Chapter 9, Lippmann gave Hubler several chances to back out of the deal at a loss, but Hubler continuously refused until finally settling with Deutsche Bank for more than how much?

4. What led Michael Burry to leave his original profession and become a money manager?

5. What had Steve Eisman studied in college?

(see the answer key)

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