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

Multiple Choice Questions

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

2. Gene Park worked for what company in Chapter 4?
(a) FrontPoint.
(b) AIG FP.
(c) Wachovia.
(d) Standard & Poor's.

3. With Ben Hockett's help, Cornwall received a contract which allowed them to buy what?
(a) ISDAs.
(b) FICOs.
(c) CDOs.
(d) CDSs.

4. After the conference in Chapter 6, Eisman and his group began paying close attention to what?
(a) Lending companies.
(b) The Euro.
(c) Rating companies.
(d) The price of oil.

5. After the conference in Chapters 6 and 7, who began buying millions of CDOs, anxious to buy as many as they could before it was too late?
(a) Mai and Hockett.
(b) Ledley, Mai, and Hockett.
(c) Ledley and Eismann.
(d) Eismann, Burry, and Hockett.

Short Answer Questions

1. When was Michael Lewis born?

2. In Michael Burry's first credit default swap, he bought how many bonds?

3. With the creation of ______, mortgage companies became inspired to grow quickly and offer a great many loans to customers.

4. Who is the 29th chairperson of the SEC?

5. Steve Eisman's team discovered in Chapter 4 that the mortgage lenders were using what to alter the rating of their bonds?

(see the answer key)

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