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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 8-9.

Multiple Choice Questions

1. What does CDO stand for?
(a) Calculated debt options.
(b) Common debt obligations.
(c) Client debt options.
(d) Collateralized debt obligations.

2. In Chapter 9 the author writes that it became apparent that no one at Morgan Stanley fully understood the CDO deals, including who?
(a) James Wilson.
(b) Michael Ewing.
(c) John Mack.
(d) Jim Beaston.

3. When was Michael Burry born?
(a) 1960.
(b) 1971.
(c) 1959.
(d) 1963.

4. Who thought that if AIG stopped buying the bonds, the subprime mortgage bond market would collapse, making him a fortune in Chapter 3?
(a) Euguene Xu.
(b) Greg Lippman.
(c) Michael Lewis.
(d) Meredith Whitney.

5. What led Michael Burry to leave his original profession and become a money manager?
(a) His father's death.
(b) His son's birth.
(c) His wife's death.
(d) His daughter's birth.

Short Answer Questions

1. How old was Charlie Ledley when he moved to California to create a hedge fund?

2. When Cornwall Capital Management moved to Bear Sterns, their account was handled by whom?

3. What is a legal document that institutions and businesses use to describe the securities they are offering for participants and buyers?

4. Who wrote the book "The Greatest Trade Ever: How John Paulson Bet Against The Markets and Made $20 Billion"?

5. How much ownership was Howie Hubler over his own company in the deal in Chapter 9?

(see the answer key)

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