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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 had Michael Burry's father warned him to stay away from in Chapter 2?
(a) Women.
(b) The stock market.
(c) Fire.
(d) Las Vegas.

2. What is a division of The McGraw-Hill Companies that publishes financial research and analysis on stocks and bonds?
(a) Scion Capital.
(b) Deutsche Bank.
(c) Cornwall Capital Management.
(d) Standard & Poor's.

3. The woman who stated that her supervisors picked and chose which mortgage bonds would be triple-A rated despite her frequent recommendations that most of them be downgraded worked for what company in Chapter 4?
(a) Standard & Poor's.
(b) Wachovia.
(c) Moody's Corporation.
(d) Deutsche Bank.

4. What did Michael Burry study in college?
(a) Medicine.
(b) Law.
(c) History.
(d) Engineering.

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

Short Answer Questions

1. The sale of CDSs grew AIG FP so quickly that it provided what percent of AIG's profits in Chapter 3?

2. Where did Michael Burry share his thoughts on investing while learning what he could from others in Chapter 2?

3. Who from Deutsche Bank asked if they could buy the swaps back from Michael Burry in Chapter 2?

4. 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?

5. What is the title of Chapter 4?

(see the answer key)

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