Name: _________________________ | Period: ___________________ |
This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 2-3.
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) Cornwall Capital Management.
(b) Goldman Sachs.
(c) Scion Capital.
(d) Standard & Poor's.
2. What led Michael Burry to leave his original profession and become a money manager?
(a) His wife's death.
(b) His daughter's birth.
(c) His son's birth.
(d) His father's death.
3. Who agreed to a $5 million dollar deal with Michael Burry in Chapter 2?
(a) Cornwall Capital Management.
(b) Goldman Sachs.
(c) Bank of America.
(d) Scion Capital
4. What is a collection of one hundred different mortgage bonds, usually the riskiest that are combined to create a new group of bonds that could take the low rated bonds and reclassify them at a higher rate?
(a) Collateral debt obligation.
(b) Credit default swap.
(c) FICO Scores.
(d) Tranches.
5. What had Steve Eisman studied in college?
(a) Art history.
(b) International trade.
(c) Corporate law.
(d) South American history.
Short Answer Questions
1. Where did Michael Lewis grow up?
2. In 2007, Meredith Whitney announced that what company had so mismanaged its affairs that it would slash its dividend or crash?
3. Michael Burry lost his left eye due to what as a toddler?
4. Where did Michael Burry begin cataloging his investments and their results, which drew interest from Wall Street brokers without Burry's knowledge?
5. 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?
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