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

Multiple Choice Questions

1. What is a collection of one hundred different mortgage bonds, usually the riskiest that are combined to create a new group of bonds that could take the low rated bonds and reclassify them at a higher rate?
(a) Collateral debt obligation.
(b) FICO Scores.
(c) Credit default swap.
(d) Tranches.

2. Where did Michael Lewis grow up?
(a) Phoenix, Arizona.
(b) New Orleans, Louisiana.
(c) Denver, Colorado.
(d) Dallas, Texas.

3. In a short time, Michael Burry had credit default swaps worth what in subprime mortgage bonds in Chapter 2?
(a) $550 million.
(b) $1 billion.
(c) $200 million.
(d) $750 million.

4. How old was Charlie Ledley when he moved to California to create a hedge fund?
(a) 30.
(b) 21.
(c) 27.
(d) 18.

5. Gene Park worked in offices where in Chapter 4?
(a) Connecticut.
(b) Virginia.
(c) Rhode Island.
(d) Maine.

Short Answer Questions

1. For what company did Michael Lewis begin working after earning his Masters degree in Economics?

2. Steve Eisman got his job with Oppenheimer and Co. through whom?

3. In whose garage did Charlie Ledley begin operating a hedge fund in Chapter 5?

4. 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?

5. With whom did Michael Burry make his first credit default swap?

(see the answer key)

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