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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 Michael Burry's first credit default swap, he bought how many bonds?
(a) 15.
(b) 6.
(c) 10.
(d) 12.

2. The woman who stated that her supervisors picked and chose which mortgage bonds would be triple-A rated despite her frequent recommendations that most of them be downgraded worked for what company in Chapter 4?
(a) Deutsche Bank.
(b) Standard & Poor's.
(c) Wachovia.
(d) Moody's Corporation.

3. What did Michael Burry study in college?
(a) Law.
(b) Engineering.
(c) History.
(d) Medicine.

4. What does CDO stand for?
(a) Client debt options.
(b) Collateralized debt obligations.
(c) Calculated debt options.
(d) Common debt obligations.

5. Who was CEO of Morgan Stanley at the time Hubler was selling CDOs in Chapter 9?
(a) James Wilson.
(b) Bernie Madoff.
(c) James Smith.
(d) John Mack.

Short Answer Questions

1. When did Howie Hubler go on vacation and never return in Chapter 9?

2. What Chinese national who came in second in a math competition in China accompanied Greg Lippmann in Chapter 3?

3. How much did Morgan Stanley settle with Deutsche Bank on the CDOs purchased from Hubler in Chapter 9?

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

5. Steve Eisman's team discovered in Chapter 4 that the mortgage lenders were using what to alter the rating of their bonds?

(see the answer key)

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