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

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) Citigroup.
(b) Gotham Capital.
(c) The Fitch Group.
(d) Salomon Brothers.

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

3. Steve Eisman's team discovered in Chapter 4 that the mortgage lenders were using what to alter the rating of their bonds?
(a) Hackers.
(b) Insider trading.
(c) FICO scores.
(d) Bad math.

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

5. In Chapter 5, Charlie Ledley and Jamie Mai continued to make risky investments until they had grown their investment company to how much?
(a) $200 million.
(b) $30 million.
(c) $75 million.
(d) $10 million.

Short Answer Questions

1. What are divisions of mortgage bonds in which the mortgage bonds are divided into pieces?

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

3. What refers to loans made to customers with less than perfect credit?

4. In Michael Burry's first credit default swap, he bought how many bonds?

5. What did Michael Burry study in college?

(see the answer key)

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