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

Multiple Choice Questions

1. 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.

2. The woman who stated that her supervisors picked and chose which mortgage bonds would be triple-A rated despite her frequent recommendations that most of them be downgraded worked for what company in Chapter 4?
(a) Standard & Poor's.
(b) Wachovia.
(c) Moody's Corporation.
(d) Deutsche Bank.

3. What had Michael Burry's father warned him to stay away from in Chapter 2?
(a) Las Vegas.
(b) Fire.
(c) The stock market.
(d) Women.

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

5. With Ben Hockett's help, Cornwall received what contract?
(a) CDO.
(b) ISDA.
(c) JRCA.
(d) BYR.

Short Answer Questions

1. 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?

2. Who from Deutsche Bank asked if they could buy the swaps back from Michael Burry in Chapter 2?

3. In criminal law, what is an intentional deception made for personal gain or to damage another individual?

4. What is the name of the investment group Steve Eisman formed after quitting his job as a bond analyst?

5. Who was Gene Park's boss in Chapter 4?

(see the answer key)

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