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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 6-7.

Multiple Choice Questions

1. Who thought that if AIG stopped buying the bonds, the subprime mortgage bond market would collapse, making him a fortune in Chapter 3?
(a) Greg Lippman.
(b) Euguene Xu.
(c) Meredith Whitney.
(d) Michael Lewis.

2. In Michael Burry's first credit default swap, what was the rate of each bond purchased?
(a) $1 million.
(b) $10 million.
(c) $3 million.
(d) $7 million.

3. What is the title of Chapter 5?
(a) Wall Street Rookies.
(b) A Lucky Fortune.
(c) The Blind Investors.
(d) Accidental Capitalists.

4. During their research, Ledley and Mai discovered that many CDOs were comprised of triple-B rated mortgages being sold as what?
(a) Triple-A.
(b) Triple-C.
(c) Double-C.
(d) Double-B.

5. What does MSRB stand for?
(a) Municipal Securities Rulemaking Board.
(b) Municipal Stock Regulating Board.
(c) Municipal Stock Rulemaking Battalion.
(d) Moral Securities Rulemaking Brigade.

Short Answer Questions

1. What is a global financial service company with its headquarters in Frankfurt, Germany?

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

3. In Chapter 7, Eisman came to the conclusion that none of the banks dealing in CDSs and CDOs really appreciated the disaster awaiting them because of what?

4. What is the title of Chapter 4?

5. What is the name of Mike Burry's investment group?

(see the answer key)

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