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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 2-3.

Multiple Choice Questions

1. Who thought that if AIG stopped buying the bonds, the subprime mortgage bond market would collapse, making him a fortune in Chapter 3?
(a) Euguene Xu.
(b) Greg Lippman.
(c) Michael Lewis.
(d) Meredith Whitney.

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

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

4. Who agreed to a $5 million dollar deal with Michael Burry in Chapter 2?
(a) Goldman Sachs.
(b) Scion Capital
(c) Cornwall Capital Management.
(d) Bank of America.

5. What is the name of Mike Burry's investment group?
(a) Moody's.
(b) Scion Capital.
(c) Oppenheimer and Co.
(d) Cornwall Capital Management.

Short Answer Questions

1. In 2007, Meredith Whitney announced that what company had so mismanaged its affairs that it would slash its dividend or crash?

2. In finance, what occurs when a debtor has not met his or her legal obligations according to the debt contract?

3. What refers to loans made to customers with less than perfect credit?

4. In what year did Steve Eisman stop working as an analyst and start his own hedge fund?

5. On what date did the head of the International Monetary Fund warn that the world financial system was teetering on the "brink of systemic meltdown"?

(see the answer key)

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