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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 8-9.

Multiple Choice Questions

1. What does NASD stand for?
(a) Native Association of Stock Dealers.
(b) National Assembly of Stock Dealers.
(c) National Association of Securities Dealers.
(d) Numerical Assembly of Securities Dealers.

2. Who began shorting the stocks of rating companies as well as many of the CDO managers in Chapter 6?
(a) Mike Burry.
(b) Jamie Mai.
(c) Charlie Ledley.
(d) Steve Eisman.

3. What is the central banking system of the United States?
(a) U.S. Bank.
(b) Wells Fargo.
(c) The Federal Reserve.
(d) The World Bank.

4. Where was Ben Hockett on vacation when he hit the internet and quickly began selling the CDOs in Chapter 9?
(a) England.
(b) Ireland.
(c) Hawaii.
(d) Jamaica.

5. What are bonds that are made up of mortgages sold to consumers by banks?
(a) Mortgage bonds.
(b) Subprime bonds.
(c) Mortgage rate stocks.
(d) Optimum bonds.

Short Answer Questions

1. What is the name of the investment group begun by Charlie Ledley and his partner in Chapter 5?

2. Cornwall Capital Management began quickly selling their CDOs in Chapter 9 because they were suddenly concerned with whose ability to pay?

3. In Chapter 8, Michael Burry found that his reports to his investors were appearing more and more bleak because of his heavy investment in what?

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

5. Michael Burry lost his left eye due to what as a toddler?

(see the answer key)

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