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

Multiple Choice Questions

1. In Michael Burry's first credit default swap, he bought how many bonds?
(a) 6.
(b) 10.
(c) 12.
(d) 15.

2. Who offered Michael Burry bonds at $100 million a deal in Chapter 2?
(a) Bank of America.
(b) Oppenheimer and Co.
(c) Goldman Sachs.
(d) Deutsche Bank.

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

4. When did Steve Eisman publish a report outlining the bad practices of the subprime mortgage lender in Chapter 1?
(a) 1988.
(b) 1994.
(c) 1997.
(d) 1990.

5. After Eisman's published report, there were no more public subprime mortgage lenders by what year, as described in Chapter 1?
(a) 2004.
(b) 2002.
(c) 2007.
(d) 2006.

Short Answer Questions

1. What does AIG FP stand for?

2. Steve Eisman got his job with Oppenheimer and Co. through whom?

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

4. What does CDO stand for?

5. Where did Michael Lewis grow up?

(see the answer key)

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