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

Multiple Choice Questions

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

2. What does CDS stand for?
(a) Commercial data systems.
(b) Credit default swap.
(c) Consumer data system.
(d) Credit foreclosure systems.

3. Michael Burry worked as a resident in what field in Chapter 2?
(a) Neurology.
(b) Optometry.
(c) Proctology.
(d) Cardiology.

4. 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) Credit default swap.
(b) FICO Scores.
(c) Collateral debt obligation.
(d) Tranches.

5. In criminal law, what is an intentional deception made for personal gain or to damage another individual?
(a) Embezzlement.
(b) Heresy.
(c) Fraud.
(d) Contempt.

Short Answer Questions

1. What had Michael Burry's father warned him to stay away from in Chapter 2?

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?

3. When was Michael Burry born?

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

5. Meredith Whitney was an analyst of financial firms for what company in 2007?

(see the answer key)

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