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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 8-9.

Multiple Choice Questions

1. In Chapter 3, soon all the CDSs AIG FP sold consisted primarily of what?
(a) Pork futures.
(b) Subprime mortgages.
(c) Gold and silver.
(d) Auto loans.

2. How much money did Charlie Ledley and Jamie Mai make from their first major investment in a company with legal trouble in Chapter 5?
(a) Over $5 million.
(b) Over $1 million.
(c) Over $3 million.
(d) Over $500,000.

3. What are bonds that are made up of mortgages sold to consumers by banks?
(a) Optimum bonds.
(b) Mortgage rate stocks.
(c) Subprime bonds.
(d) Mortgage bonds.

4. Through the use of what, was Michael Burry guaranteed to only lose only the amount of the premium payments in Chapter 2?
(a) CDSs.
(b) Tranches.
(c) CDOs.
(d) ISDAs.

5. What online database is maintained by the SEC from which investors can access information filed with the agency?
(a) GEORGE.
(b) ROBB.
(c) MABEL.
(d) EDGAR.

Short Answer Questions

1. In criminal law, what is an intentional deception made for personal gain or to damage another individual?

2. What does NASD stand for?

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

4. What are divisions of mortgage bonds in which the mortgage bonds are divided into pieces?

5. Where was Ben Hockett on vacation when he hit the internet and quickly began selling the CDOs in Chapter 9?

(see the answer key)

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