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

Multiple Choice Questions

1. Who from Deutsche Bank asked if they could buy the swaps back from Michael Burry in Chapter 2?
(a) Michael Lewis.
(b) Euguene Xu.
(c) Meredith Whitney.
(d) Greg Lippman.

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

3. When did money manager Michael Burry become interested in bonds?
(a) 2000.
(b) 2004.
(c) 1996.
(d) 2002.

4. In what year did Steve Eisman stop working as an analyst and start his own hedge fund?
(a) 1997.
(b) 1992.
(c) 2004.
(d) 1988.

5. What is often referred to as a form of insurance that protects a lender if a borrower of capital defaults on a loan?
(a) Collateral debt obligation.
(b) Credit default swap.
(c) FICO Scores.
(d) Tranches.

Short Answer Questions

1. When was Michael Burry born?

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

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

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

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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