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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) 6.
(b) 15.
(c) 12.
(d) 10.

2. Who began taking the bottom tranches of their mortgage bonds and packaging them together to create CDOs in Chapter 3?
(a) Scion Capital.
(b) Goldman Sachs.
(c) Cornwall Capital Management.
(d) Standard & Poor's.

3. In Chapter 9, Lippmann gave Hubler several chances to back out of the deal at a loss, but Hubler continuously refused until finally settling with Deutsche Bank for more than how much?
(a) $1 billion.
(b) $3 billion.
(c) $900 million.
(d) $800 million.

4. How much did Cornwall Capital Management make from selling its CDOs in Chapter 9?
(a) Over $450 million.
(b) Over $240 million.
(c) Over $80 million.
(d) Over $120 million.

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

Short Answer Questions

1. With Ben Hockett's help, Cornwall received what contract?

2. What is the title of Chapter 8?

3. Gene Park worked for what company in Chapter 4?

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

5. Where did Michael Burry share his thoughts on investing while learning what he could from others in Chapter 2?

(see the answer key)

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