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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 2-3.

Multiple Choice Questions

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

2. Steve Eisman got his job with Oppenheimer and Co. through whom?
(a) His uncle..
(b) His parents.
(c) A friend from college.
(d) His neighbor.

3. In Chapter 3, soon all the CDSs AIG FP sold consisted primarily of what?
(a) Gold and silver.
(b) Subprime mortgages.
(c) Auto loans.
(d) Pork futures.

4. Meredith Whitney was an analyst of financial firms for what company in 2007?
(a) Oppenheimer and Co.
(b) Citigroup.
(c) Salomon Brothers.
(d) Household Finance Corporation.

5. For what company did Michael Lewis begin working after earning his Masters degree in Economics?
(a) Aames Financial.
(b) Oppenheimer and Co.
(c) Salomon Brothers.
(d) Citigroup.

Short Answer Questions

1. Michael Burry could not bet against mortgage bonds in the same way he could other bonds because he could not short houses, only what?

2. When was Michael Burry born?

3. What is often referred to as a form of insurance that protects a lender if a borrower of capital defaults on a loan?

4. What had Steve Eisman studied in college?

5. In Michael Burry's first credit default swap, he bought how many bonds?

(see the answer key)

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