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

Multiple Choice Questions

1. What does CDS stand for?
(a) Credit default swap.
(b) Credit foreclosure systems.
(c) Commercial data systems.
(d) Consumer data system.

2. Who asked Howie Hubler for money owed Deutsche Bank on the CDOs purchased from Hubler in Chapter 9?
(a) Greg Lippmann.
(b) James Wilson.
(c) Bernie Madoff.
(d) John Mack.

3. How old was Charlie Ledley when he moved to California to create a hedge fund?
(a) 21.
(b) 30.
(c) 27.
(d) 18.

4. When did Scion Capital close business?
(a) 2007.
(b) 2009.
(c) 2008.
(d) 2006.

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

Short Answer Questions

1. Who wrote the book "The Greatest Trade Ever: How John Paulson Bet Against The Markets and Made $20 Billion"?

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

3. What company did Charlie Ledley and Jamie Mai investigate because of some legal troubles, deciding that the legal trouble would blow over and their low stock would soon rally in Chapter 5?

4. Through the use of what, was Michael Burry guaranteed to only lose only the amount of the premium payments in Chapter 2?

5. With how much capital did Charlie Ledley and his partner begin a hedge fund in Chapter 5?

(see the answer key)

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