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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 10 and Epilogue.

Multiple Choice Questions

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

2. Howie Hubler decided to find a way to bet against mortgage bonds and in doing so began forming what, which he sold to what he thought were ignorant investors?
(a) CEOs.
(b) CDOs.
(c) CFSs.
(d) CDSs.

3. In Michael Burry's first credit default swap, what was the rate of each bond purchased?
(a) $1 million.
(b) $7 million.
(c) $10 million.
(d) $3 million.

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

5. With how much capital did Charlie Ledley and his partner begin a hedge fund in Chapter 5?
(a) $75,000.
(b) $110,000.
(c) $60,000.
(d) $40,000.

Short Answer Questions

1. In Chapter 4, AIG FP did not get whose message as he assumed they had?

2. What is the title of the book's Epilogue?

3. What is the title of Chapter 10?

4. What is a legal document that institutions and businesses use to describe the securities they are offering for participants and buyers?

5. The first night of the conference in Chapter 6, Steve Eisman found himself attending a dinner thrown by what company?

(see the answer key)

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