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

Multiple Choice Questions

1. In Michael Burry's first credit default swap, he bought how many bonds?
(a) 6.
(b) 15.
(c) 12.
(d) 10.

2. What mortgage lender did an Oppenheimer banker obtain information on from Steve Eisman in Chapter 1?
(a) Citigroup.
(b) Bear Stearns.
(c) Aames Financial.
(d) Gotham Capital.

3. With whom did Michael Burry make his first credit default swap?
(a) Cornwall Capital Management.
(b) Deutsche Bank.
(c) Oppenheimer and Co.
(d) Scion Capital.

4. What is the name of the investment group Steve Eisman formed after quitting his job as a bond analyst?
(a) Cornwall Capital Management.
(b) Scion Capital.
(c) Deutsche Bank.
(d) FrontPoint.

5. Who was the head of the surveillance department at Moody in Chapter 7?
(a) Vincent Daniel.
(b) Ernestine Warner.
(c) Greg Lippman.
(d) Lewis Ranieri.

Short Answer Questions

1. During their research, Ledley and Mai discovered that many CDOs were comprised of triple-B rated mortgages being sold as what?

2. When did money manager Michael Burry become interested in bonds?

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

4. What is the title of Chapter 5?

5. What are divisions of mortgage bonds in which the mortgage bonds are divided into pieces?

(see the answer key)

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