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

Multiple Choice Questions

1. How much money did Charlie Ledley and Jamie Mai make from their first major investment in a company with legal trouble in Chapter 5?
(a) Over $5 million.
(b) Over $500,000.
(c) Over $3 million.
(d) Over $1 million.

2. With whom did Michael Burry make his first credit default swap?
(a) Cornwall Capital Management.
(b) Deutsche Bank.
(c) Oppenheimer and Co.
(d) Scion Capital.

3. Gene Park worked for what company in Chapter 4?
(a) Wachovia.
(b) AIG FP.
(c) FrontPoint.
(d) Standard & Poor's.

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

5. Gene Park discovered that the CDSs being sold by his company contained more what than anyone knew?
(a) Car loans.
(b) Grain futures.
(c) Subprime mortgage bonds.
(d) Precious metals.

Short Answer Questions

1. Howie Hubler decided to find a way to bet against mortgage bonds and in doing so began forming what, which he sold to what he thought were ignorant investors?

2. What led Michael Burry to leave his original profession and become a money manager?

3. In Chapter 8, Michael Burry found that his reports to his investors were appearing more and more bleak because of his heavy investment in what?

4. What did Michael Burry study in college?

5. What companies approached Michael Burry and provided him with capital to begin his new company?

(see the answer key)

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