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

Multiple Choice Questions

1. In Chapter 5, Charlie Ledley and Jamie Mai continued to make risky investments until they had grown their investment company to how much?
(a) $75 million.
(b) $10 million.
(c) $30 million.
(d) $200 million.

2. In whose garage did Charlie Ledley begin operating a hedge fund in Chapter 5?
(a) Jamie Mai's.
(b) Greg Lippmann's.
(c) Mike Burry's.
(d) Steve Eisman's.

3. Who asked Howie Hubler for money owed Deutsche Bank on the CDOs purchased from Hubler in Chapter 9?
(a) Bernie Madoff.
(b) John Mack.
(c) Greg Lippmann.
(d) James Wilson.

4. In Chapter 3, soon all the CDSs AIG FP sold consisted primarily of what?
(a) Gold and silver.
(b) Auto loans.
(c) Subprime mortgages.
(d) Pork futures.

5. The mortgage boom and bust which is central in The Big Short: Inside the Doomsday Machine took place between what years?
(a) 2001-2007.
(b) 2002-2006.
(c) 1999-2004.
(d) 2005-2008.

Short Answer Questions

1. As Steve Eisman's team investigated in Chapter 4, they found patterns in the people and states that what?

2. Who went to a conference of subprime mortgage bond professionals and learned from a woman that her supervisors picked and chose which mortgage bonds would be triple-A rated despite her frequent recommendations that most of them be downgraded?

3. Howie Hubler was a bond trader for what company in Chapter 9?

4. What does CDS stand for?

5. In a short time, Michael Burry had credit default swaps worth what in subprime mortgage bonds in Chapter 2?

(see the answer key)

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