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

Multiple Choice Questions

1. Michael Burry could not bet against mortgage bonds in the same way he could other bonds because he could not short houses, only what?
(a) Commercial buildings.
(b) Construction workers.
(c) Government buildings.
(d) House builders.

2. For what company did Ben Hockett work when he met Jamie Mai?
(a) Standard & Poor's.
(b) AIG FP.
(c) Oppenheimer and Co.
(d) Deutsche Bank.

3. Where was the conference for subprime mortgage bond salesmen and buyers in Chapter 6?
(a) Miami.
(b) Chicago.
(c) New York.
(d) Las Vegas.

4. At the conference in Chapter 6, Charlie Ledley found himself being courted by what company and chiefly ignored by most of the other conference attendees?
(a) Standard & Poor's.
(b) AIG FP.
(c) Morgan Stanley.
(d) Bear Stearns.

5. What is the name of the investment group begun by Charlie Ledley and his partner in Chapter 5?
(a) Capital One Financial.
(b) FrontPoint.
(c) Scion Capital.
(d) Cornwall Capital Management.

Short Answer Questions

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

2. What does the SEC refer to?

3. Where did Michael Burry share his thoughts on investing while learning what he could from others in Chapter 2?

4. The sale of CDSs grew AIG FP so quickly that it provided what percent of AIG's profits in Chapter 3?

5. Who was the head of the surveillance department at Moody in Chapter 7?

(see the answer key)

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