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

Multiple Choice Questions

1. An investment corporation needs a contract through what in order to trade in securities that are traditionally only bought and sold between large investing bodies?
(a) COMA.
(b) ISDA.
(c) IMDB.
(d) USDA.

2. When did money manager Michael Burry become interested in bonds?
(a) 2004.
(b) 2002.
(c) 1996.
(d) 2000.

3. In Chapter 5, Ledley and Mai bought multi-million dollar triple-A CDOs rather than the triple-B CDOs who had purchased?
(a) Lippmann and Cassano.
(b) Cassano and Burry.
(c) Burry and Eisman.
(d) Lippmann and Xu.

4. 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?
(a) CDSs.
(b) CFSs.
(c) CDOs.
(d) CEOs.

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

Short Answer Questions

1. Who was Gene Park's boss in Chapter 4?

2. The contract with which one of Scion's original investors was coming up in Chapter 8?

3. What does AIG FP stand for?

4. Where did Michael Burry begin cataloging his investments and their results, which drew interest from Wall Street brokers without Burry's knowledge?

5. In Chapter 5, Charlie Ledley and Jamie Mai continued to make risky investments until they had grown their investment company to how much?

(see the answer key)

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