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

Multiple Choice Questions

1. 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?
(a) Tranches.
(b) Collateral debt obligation.
(c) FICO Scores.
(d) Credit default swap.

2. What does AIG FP stand for?
(a) American International Group Fiscal Products.
(b) American International Group Financial Products.
(c) American Investment Group Financial Portfolios.
(d) American Investment Group Financial Portfolios.

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

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

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

Short Answer Questions

1. After Eisman's published report, there were no more public subprime mortgage lenders by what year, as described in Chapter 1?

2. Where did Michael Lewis earn his Masters degree in Economics?

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

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. 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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