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

Multiple Choice Questions

1. When did Scion Capital open business?
(a) 1995.
(b) 1997.
(c) 2000.
(d) 1999.

2. Morgan Stanley lost more than how much on Hubler's CDO deals, as described in Chapter 9?
(a) $4 billion.
(b) $5 billion.
(c) $9 billion.
(d) $3 billion.

3. During their research, Ledley and Mai discovered that many CDOs were comprised of triple-B rated mortgages being sold as what?
(a) Triple-A.
(b) Double-B.
(c) Double-C.
(d) Triple-C.

4. Michael Burry worked as a resident in what field in Chapter 2?
(a) Optometry.
(b) Neurology.
(c) Cardiology.
(d) Proctology.

5. Reluctant to lose out on what Michael Burry was convinced would be a profitable investment, what did he do with his CDSs to keep his investors from taking their money back in Chapter 8?
(a) Sold them.
(b) Side pocketed them.
(c) Released them.
(d) Bought them.

Short Answer Questions

1. What had Michael Burry's father warned him to stay away from in Chapter 2?

2. What majority-owned subsidiary of Fimalac, S.A., is a global rating agency dedicated to providing value beyond the rating through independent and prospective credit opinions, research and data?

3. What is a division of The McGraw-Hill Companies that publishes financial research and analysis on stocks and bonds?

4. In Michael Burry's first credit default swap, he bought how many bonds?

5. How old was Charlie Ledley when he moved to California to create a hedge fund?

(see the answer key)

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