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

Multiple Choice Questions

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

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

3. Steve Eisman discovered that what company was fraudulently selling fifteen year mortgages under the guise of thirty year mortgages?
(a) Household Finance Corporation.
(b) Gotham Capital.
(c) The Fitch Group.
(d) Salomon Brothers.

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) House builders.
(b) Government buildings.
(c) Construction workers.
(d) Commercial buildings.

5. Where did Steve Eisman's wife threaten to move to and raise chickens in Chapter 1?
(a) Rhode Island.
(b) Maine.
(c) Delaware.
(d) Vermont.

Short Answer Questions

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

2. What is a collection of one hundred different mortgage bonds, usually the riskiest that are combined to create a new group of bonds that could take the low rated bonds and reclassify them at a higher rate?

3. What is the name of Mike Burry's investment group?

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

5. An investment corporation needs a contract through what in order to trade in securities that are traditionally only bought and sold between large investing bodies?

(see the answer key)

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