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

Multiple Choice Questions

1. During their research, Ledley and Mai discovered that many CDOs were comprised of triple-B rated mortgages being sold as what?
(a) Triple-A.
(b) Double-B.
(c) Triple-C.
(d) Double-C.

2. Who offered Michael Burry bonds at $100 million a deal in Chapter 2?
(a) Oppenheimer and Co.
(b) Goldman Sachs.
(c) Bank of America.
(d) Deutsche Bank.

3. What had Michael Burry's father warned him to stay away from in Chapter 2?
(a) The stock market.
(b) Women.
(c) Las Vegas.
(d) Fire.

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

5. What majority-owned subsidiary of Fimalac, S.A., is a global rating agency dedicated to providing value beyond the rating through independent and prospective credit opinions, research and data?
(a) Standard & Poor's.
(b) Deutsche Bank.
(c) The Fitch Group.
(d) Wachovia.

Short Answer Questions

1. To what floor did Howie Hubler move after making a unique deal with his company in Chapter 9?

2. When did Steve Eisman publish a report outlining the bad practices of the subprime mortgage lender in Chapter 1?

3. Who is an American former stockbroker, investment adviser, non-executive chairman of the NASDAQ stock market, and the admitted operator of what has been described as the largest Ponzi scheme in history?

4. 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?

5. After the conference in Chapter 6, Eisman and his group began paying close attention to what?

(see the answer key)

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