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

2. 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?
(a) USDA.
(b) IMDB.
(c) ISDA.
(d) COMA.

3. Who offered Michael Burry bonds at $100 million a deal in Chapter 2?
(a) Bank of America.
(b) Deutsche Bank.
(c) Oppenheimer and Co.
(d) Goldman Sachs.

4. What refers to loans made to customers with less than perfect credit?
(a) Gambles.
(b) High interest.
(c) CDS's.
(d) Subprime.

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

Short Answer Questions

1. What led Michael Burry to leave his original profession and become a money manager?

2. How old was Charlie Ledley when he moved to California to create a hedge fund?

3. In Chapter 3, soon all the CDSs AIG FP sold consisted primarily of what?

4. The alterations to bond ratings made by mortgage lenders in Chapter 4 led to such things as lending how much money to a migrant worker who made only $14,000 a year?

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

(see the answer key)

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