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

Multiple Choice Questions

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

2. What are divisions of mortgage bonds in which the mortgage bonds are divided into pieces?
(a) Collateral debt obligation.
(b) FICO Scores.
(c) Tranches.
(d) Credit default swap.

3. When was Michael Burry born?
(a) 1960.
(b) 1963.
(c) 1971.
(d) 1959.

4. In Chapter 4, AIG FP did not get whose message as he assumed they had?
(a) Ben Hockett's.
(b) Michael Lewis'.
(c) Greg Lippmann's.
(d) Ace Greenburg's.

5. In a short time, Michael Burry had credit default swaps worth what in subprime mortgage bonds in Chapter 2?
(a) $550 million.
(b) $1 billion.
(c) $200 million.
(d) $750 million.

Short Answer Questions

1. What Chinese national who came in second in a math competition in China accompanied Greg Lippmann in Chapter 3?

2. Gene Park discovered that the CDSs being sold by his company contained more what than anyone knew?

3. By what year had Steve Eisman gathered a group of investors around himself filled with people who believed as he did that no one on Wall Street knew what they were doing, as described in Chapter 1?

4. What led Michael Burry to leave his original profession and become a money manager?

5. Where did Michael Lewis earn his Masters degree in Economics?

(see the answer key)

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