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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 4-5.

Multiple Choice Questions

1. What does AIG FP stand for?
(a) American Investment Group Financial Portfolios.
(b) American Investment Group Financial Portfolios.
(c) American International Group Financial Products.
(d) American International Group Fiscal Products.

2. What does CDO stand for?
(a) Calculated debt options.
(b) Collateralized debt obligations.
(c) Common debt obligations.
(d) Client debt options.

3. In Chapter 5, Ledley and Mai bought multi-million dollar triple-A CDOs rather than the triple-B CDOs who had purchased?
(a) Lippmann and Xu.
(b) Lippmann and Cassano.
(c) Cassano and Burry.
(d) Burry and Eisman.

4. Who from Deutsche Bank asked if they could buy the swaps back from Michael Burry in Chapter 2?
(a) Michael Lewis.
(b) Greg Lippman.
(c) Meredith Whitney.
(d) Euguene Xu.

5. How much money did Charlie Ledley and Jamie Mai make from their first major investment in a company with legal trouble in Chapter 5?
(a) Over $3 million.
(b) Over $500,000.
(c) Over $5 million.
(d) Over $1 million.

Short Answer Questions

1. What are bonds that are made up of mortgages sold to consumers by banks?

2. In 2007, Meredith Whitney announced that what company had so mismanaged its affairs that it would slash its dividend or crash?

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

4. What is a global financial service company with its headquarters in Frankfurt, Germany?

5. Where did Michael Lewis grow up?

(see the answer key)

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