1. What led Michael Burry to leave his original profession and become a money manager?
(a) His daughter's birth.
(b) His son's birth.
(c) His father's death.
(d) His wife's death.

2. What mortgage lender did an Oppenheimer banker obtain information on from Steve Eisman in Chapter 1?
(a) Aames Financial.
(b) Bear Stearns.
(c) Gotham Capital.
(d) Citigroup.

3. At what age was Michael Lewis when he was shocked that Wall Street would allow him to buy and sell stocks, as described in the Prologue?
(a) 15.
(b) 17.
(c) 18.
(d) 24.

4. 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) Construction workers.
(d) Commercial buildings.

5. Meredith Whitney was an analyst of financial firms for what company in 2007?
(a) Citigroup.
(b) Salomon Brothers.
(c) Oppenheimer and Co.
(d) Household Finance Corporation.

Short Answer Questions

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

2. What does CDO stand for?

3. Steve Eisman got his job with Oppenheimer and Co. through whom?

4. In Michael Burry's first credit default swap, he bought how many bonds?

5. Steve Eisman discovered that what company was fraudulently selling fifteen year mortgages under the guise of thirty year mortgages?

(see the answer key)

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