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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 Michael Burry's first credit default swap, he bought how many bonds?
(a) 10.
(b) 15.
(c) 12.
(d) 6.

2. What company did Charlie Ledley and Jamie Mai investigate because of some legal troubles, deciding that the legal trouble would blow over and their low stock would soon rally in Chapter 5?
(a) Deutsche Bank.
(b) Cornwall Capital Management.
(c) Oppenheimer and Co.
(d) Capital One Financial.

3. Where did Ben Hockett live and make investments from in Chapter 5?
(a) San Francisco, California.
(b) Portland, Oregon.
(c) Seattle, Washington.
(d) Berkeley Hills, California.

4. When Cornwall Capital Management moved to Bear Sterns, their account was handled by whom?
(a) Steve Eismann.
(b) Michael Lewis.
(c) Lewis Ranieri.
(d) Ace Greenburg.

5. With the creation of ______, mortgage companies became inspired to grow quickly and offer a great many loans to customers.
(a) Standard & Poor's.
(b) Mortgage bonds.
(c) Moody's.
(d) FICO Scores.

Short Answer Questions

1. What does CDS stand for?

2. What is the name of the investment group begun by Charlie Ledley and his partner in Chapter 5?

3. At what age was Michael Lewis when he was shocked that Wall Street would allow him to buy and sell stocks, as described in the Prologue?

4. With Ben Hockett's help, Cornwall received a contract which allowed them to buy what?

5. When did money manager Michael Burry become interested in bonds?

(see the answer key)

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