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

Multiple Choice Questions

1. How much did Cornwall Capital Management make from selling its CDOs in Chapter 9?
(a) Over $240 million.
(b) Over $80 million.
(c) Over $450 million.
(d) Over $120 million.

2. Michael Burry lost his left eye due to what as a toddler?
(a) Cancer.
(b) A car accident.
(c) Asperger's Syndrome.
(d) Glaucoma.

3. Gene Park discovered that the CDSs being sold by his company contained more what than anyone knew?
(a) Subprime mortgage bonds.
(b) Precious metals.
(c) Grain futures.
(d) Car loans.

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

5. With whose assistance did Steve Eisman publish a report outlining the bad practices of the subprime mortgage lender in Chapter 1?
(a) Meredith Whitney's.
(b) Vincent Daniel's.
(c) Greg Lippmann's.
(d) Michael Lewis'.

Short Answer Questions

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

2. Where was Ben Hockett on vacation when he hit the internet and quickly began selling the CDOs in Chapter 9?

3. What was Michael Lewis' first book?

4. What does NASD stand for?

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

(see the answer key)

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