View a FREE sample

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

Multiple Choice Questions

1. Steve Eisman got his job with Oppenheimer and Co. through whom?
(a) His neighbor.
(b) His parents.
(c) A friend from college.
(d) His uncle..

2. With whom did Michael Burry make his first credit default swap?
(a) Scion Capital.
(b) Deutsche Bank.
(c) Cornwall Capital Management.
(d) Oppenheimer and Co.

3. Who began taking the bottom tranches of their mortgage bonds and packaging them together to create CDOs in Chapter 3?
(a) Standard & Poor's.
(b) Cornwall Capital Management.
(c) Scion Capital.
(d) Goldman Sachs.

4. When was Michael Lewis born?
(a) 1957.
(b) 1956.
(c) 1963.
(d) 1960.

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

Short Answer Questions

1. In a short time, Michael Burry had credit default swaps worth what in subprime mortgage bonds in Chapter 2?

2. What is the name of the investment group Steve Eisman formed after quitting his job as a bond analyst?

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

4. In Michael Burry's first credit default swap, what was the rate of each bond purchased?

5. What is often referred to as a form of insurance that protects a lender if a borrower of capital defaults on a loan?

(see the answer key)

This section contains 210 words (approx. 1 page at 300 words per page) View a FREE sample