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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 refers to loans made to customers with less than perfect credit?
(a) CDS's.
(b) High interest.
(c) Gambles.
(d) Subprime.

2. Where did Michael Burry share his thoughts on investing while learning what he could from others in Chapter 2?
(a) Seminars.
(b) Wall street.
(c) Online social networks.
(d) Church.

3. What refers to a cumulative number that suggests a consumer's credit risk?
(a) Tranches.
(b) Credit default swap.
(c) Collateral debt obligation.
(d) FICO Score.

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

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

Short Answer Questions

1. When was Michael Lewis born?

2. The sale of CDSs grew AIG FP so quickly that it provided what percent of AIG's profits in Chapter 3?

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

4. What did Michael Burry study in college?

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

(see the answer key)

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