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

Multiple Choice Questions

1. With how much capital did Charlie Ledley and his partner begin a hedge fund in Chapter 5?
(a) $75,000.
(b) $110,000.
(c) $60,000.
(d) $40,000.

2. What is a global financial service company with its headquarters in Frankfurt, Germany?
(a) The Fitch Group.
(b) Deutsche Bank.
(c) Oppenheimer and Co.
(d) Morgan Stanley.

3. During the first six months of what year did Mike Burry find himself struggling with his investors in Chapter 8?
(a) 2007.
(b) 2002.
(c) 1996.
(d) 1999.

4. The contract with which one of Scion's original investors was coming up in Chapter 8?
(a) Wachovia.
(b) Merrill Lynch.
(c) Citigroup.
(d) Gotham.

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) James Wilson.
(d) Jim Beaston.

Short Answer Questions

1. In Chapter 3, soon all the CDSs AIG FP sold consisted primarily of what?

2. Howie Hubler's company was so impressed with Hubler that they made him a unique deal by giving him what within their company in Chapter 9?

3. Gene Park worked for what company in Chapter 4?

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

5. With whom did Michael Burry make his first credit default swap?

(see the answer key)

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