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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 6-7.

Multiple Choice Questions

1. 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) IMDB.
(b) COMA.
(c) ISDA.
(d) USDA.

2. Who agreed to a $5 million dollar deal with Michael Burry in Chapter 2?
(a) Goldman Sachs.
(b) Cornwall Capital Management.
(c) Bank of America.
(d) Scion Capital

3. What is a legal document that institutions and businesses use to describe the securities they are offering for participants and buyers?
(a) Syllabus.
(b) Terms of Service.
(c) Prospectus.
(d) Contract.

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

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

Short Answer Questions

1. When was the conference for subprime mortgage bond salesmen and buyers in Chapter 6?

2. Who began shorting the stocks of rating companies as well as many of the CDO managers in Chapter 6?

3. With how much capital did Charlie Ledley and his partner begin a hedge fund in Chapter 5?

4. In Chapter 7, Eisman came to the conclusion that none of the banks dealing in CDSs and CDOs really appreciated the disaster awaiting them because of what?

5. Where did Michael Burry begin cataloging his investments and their results, which drew interest from Wall Street brokers without Burry's knowledge?

(see the answer key)

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