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

Multiple Choice Questions

1. Who agreed to a $5 million dollar deal with Michael Burry in Chapter 2?
(a) Scion Capital
(b) Goldman Sachs.
(c) Bank of America.
(d) Cornwall Capital Management.

2. What does CDS stand for?
(a) Consumer data system.
(b) Commercial data systems.
(c) Credit default swap.
(d) Credit foreclosure systems.

3. Cornwall Capital Management began quickly selling their CDOs in Chapter 9 because they were suddenly concerned with whose ability to pay?
(a) Wachovia's.
(b) Citigroup's.
(c) Merrill Lynch's.
(d) Bear Stearns'.

4. At what university did Michael Burry study?
(a) Vanderbilt University School of Medicine.
(b) Yale University School of Medicine.
(c) Princeton University School of Law.
(d) Harvard University School of Law.

5. What is the name of the investment group begun by Charlie Ledley and his partner in Chapter 5?
(a) Capital One Financial.
(b) Cornwall Capital Management.
(c) FrontPoint.
(d) Scion Capital.

Short Answer 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?

2. What is a global financial service company with its headquarters in Frankfurt, Germany?

3. How much did Cornwall Capital Management make from selling its CDOs in Chapter 9?

4. What company did Charlie Ledley and Jamie Mai investigate because of some legal troubles, deciding that the legal trouble would blow over and their low stock would soon rally in Chapter 5?

5. 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?

(see the answer key)

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