What had Steve Eisman studied in college?

• South American history.

• International trade.

• Corporate law.

• Art history.

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

• A friend from college.

• His parents.

• His neighbor.

• His uncle

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

• Bear Stearns.

• Gotham Capital.

• Citigroup.

• Aames Financial.

What refers to loans made to customers with less than perfect credit?

• Subprime.

• High interest.

• CDS's.

• Gambles.

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

• Mortgage bonds.

• Optimum bonds.

• Subprime bonds.

• Mortgage rate stocks.

What is often referred to as a form of insurance that protects a lender if a borrower of capital defaults on a loan?

• Credit default swap.

• Collateral debt obligation.

• FICO Scores.

• Tranches.

What are divisions of mortgage bonds in which the mortgage bonds are divided into pieces?

• Credit default swap.

• Collateral debt obligation.

• Tranches.

• FICO Scores.

What refers to a cumulative number that suggests a consumer's credit risk?

• Credit default swap.

• Collateral debt obligation.

• FICO Score.

• Tranches.

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?

• Credit default swap.

• FICO Scores.

• Collateral debt obligation.

• Tranches.

In finance, what occurs when a debtor has not met his or her legal obligations according to the debt contract?

• Repossesion.

• Refinancing.

• Default.

• Forclosure.