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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 6-7.

Multiple Choice Questions

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

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

3. Michael Burry could not bet against mortgage bonds in the same way he could other bonds because he could not short houses, only what?
(a) Government buildings.
(b) House builders.
(c) Commercial buildings.
(d) Construction workers.

4. Analysts from where revealed to Eisman that no one truly understood these CDOs in Chapter 6?
(a) Rating companies.
(b) Banks.
(c) Overseas.
(d) Magazines.

5. What refers to a cumulative number that suggests a consumer's credit risk?
(a) Credit default swap.
(b) Tranches.
(c) Collateral debt obligation.
(d) FICO Score.

Short Answer Questions

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

2. Who began shorting the stocks of rating companies as well as many of the CDO managers in Chapter 6?

3. What is the title of Chapter 7?

4. By what year had Steve Eisman gathered a group of investors around himself filled with people who believed as he did that no one on Wall Street knew what they were doing, as described in Chapter 1?

5. The first night of the conference in Chapter 6, Steve Eisman was seated next to a man named what?

(see the answer key)

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