1. 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) IMDB.
(c) USDA.
(d) COMA.

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

3. What is a global financial service company with its headquarters in Frankfurt, Germany?
(a) The Fitch Group.
(b) Oppenheimer and Co.
(c) Deutsche Bank.
(d) Morgan Stanley.

4. What majority-owned subsidiary of Fimalac, S.A., is a global rating agency dedicated to providing value beyond the rating through independent and prospective credit opinions, research and data?
(a) Standard & Poor's.
(b) The Fitch Group.
(c) Wachovia.
(d) Deutsche Bank.

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

Short Answer Questions

1. By what year had Steve Eisman gathered a group of investors around himself filled with people who believed as he did that no one on Wall Street knew what they were doing, as described in Chapter 1?

2. What was Michael Lewis' first book?

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

4. In Chapter 3, soon all the CDSs AIG FP sold consisted primarily of what?

5. What does AIG FP stand for?

(see the answer key)

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