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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 4-5.

Multiple Choice Questions

1. Michael Burry worked as a resident in what field in Chapter 2?
(a) Cardiology.
(b) Proctology.
(c) Neurology.
(d) Optometry.

2. What is the name of the investment group begun by Charlie Ledley and his partner in Chapter 5?
(a) Capital One Financial.
(b) Scion Capital.
(c) Cornwall Capital Management.
(d) FrontPoint.

3. On what date did the head of the International Monetary Fund warn that the world financial system was teetering on the "brink of systemic meltdown"?
(a) October 11, 2008.
(b) August 15, 2009.
(c) March 4, 2006.
(d) June 28, 2007.

4. With Ben Hockett's help, Cornwall received a contract which allowed them to buy what?
(a) FICOs.
(b) CDOs.
(c) ISDAs.
(d) CDSs.

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

Short Answer Questions

1. During their research, Ledley and Mai discovered that many CDOs were comprised of triple-B rated mortgages being sold as what?

2. What companies approached Michael Burry and provided him with capital to begin his new company?

3. Gene Park discovered that the CDSs being sold by his company contained more what than anyone knew?

4. What is a division of The McGraw-Hill Companies that publishes financial research and analysis on stocks and bonds?

5. What is the title of Chapter 4?

(see the answer key)

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