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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 2007, Meredith Whitney announced that what company had so mismanaged its affairs that it would slash its dividend or crash?
(a) The Fitch Group.
(b) Citigroup.
(c) Gotham Capital.
(d) Salomon Brothers.

2. 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?
(a) ISDA.
(b) COMA.
(c) USDA.
(d) IMDB.

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

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

5. In Chapter 3, soon all the CDSs AIG FP sold consisted primarily of what?
(a) Pork futures.
(b) Auto loans.
(c) Gold and silver.
(d) Subprime mortgages.

Short Answer Questions

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

2. When did Steve Eisman publish a report outlining the bad practices of the subprime mortgage lender in Chapter 1?

3. Who thought that if AIG stopped buying the bonds, the subprime mortgage bond market would collapse, making him a fortune in Chapter 3?

4. Michael Burry could not bet against mortgage bonds in the same way he could other bonds because he could not short houses, only what?

5. Where did Steve Eisman's wife threaten to move to and raise chickens in Chapter 1?

(see the answer key)

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