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

Multiple Choice Questions

1. Who began taking the bottom tranches of their mortgage bonds and packaging them together to create CDOs in Chapter 3?
(a) Goldman Sachs.
(b) Standard & Poor's.
(c) Cornwall Capital Management.
(d) Scion Capital.

2. With whom did Michael Burry make his first credit default swap?
(a) Oppenheimer and Co.
(b) Scion Capital.
(c) Cornwall Capital Management.
(d) Deutsche Bank.

3. What is a global financial service company with its headquarters in Frankfurt, Germany?
(a) Deutsche Bank.
(b) The Fitch Group.
(c) Oppenheimer and Co.
(d) Morgan Stanley.

4. An investment corporation needs a contract through what in order to trade in securities that are traditionally only bought and sold between large investing bodies?
(a) COMA.
(b) USDA.
(c) IMDB.
(d) ISDA.

5. What is the title of Chapter 9?
(a) Two Men in a Boat.
(b) The End of Wall Street.
(c) Bottom of the Bag.
(d) A Death of Interest.

Short Answer Questions

1. In Michael Burry's first credit default swap, what was the rate of each bond purchased?

2. Howie Hubler was a bond trader for what company in Chapter 9?

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

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

5. What company did Charlie Ledley and Jamie Mai investigate because of some legal troubles, deciding that the legal trouble would blow over and their low stock would soon rally in Chapter 5?

(see the answer key)

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