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

2. What are divisions of mortgage bonds in which the mortgage bonds are divided into pieces?
(a) Tranches.
(b) FICO Scores.
(c) Collateral debt obligation.
(d) Credit default swap.

3. For what company did Michael Lewis begin working after earning his Masters degree in Economics?
(a) Oppenheimer and Co.
(b) Salomon Brothers.
(c) Citigroup.
(d) Aames Financial.

4. What companies approached Michael Burry and provided him with capital to begin his new company?
(a) Gotham Capital and White Mountains.
(b) Oppenheimer and Co. and Deutsche Bank.
(c) Deutsche Bank and Standard & Poor's.
(d) FrontPoint and Oppenheimer and Co.

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

Short Answer Questions

1. When did money manager Michael Burry become interested in bonds?

2. Who from Deutsche Bank asked if they could buy the swaps back from Michael Burry in Chapter 2?

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

4. An investment corporation needs a contract through what in order to trade in securities that are traditionally only bought and sold between large investing bodies?

5. Where did Michael Lewis work as a bond salesman after earning his Masters degree in Economics?

(see the answer key)

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