QUESTION 1

The Big Short is based on a true story.

		True
		False

QUESTION 2

It ain't what you don't know that gets you into trouble.

		It's what you think you know.
		It's what you've been told.
		It's what you may know.
		It's what you know for sure that just ain't so.

QUESTION 3

Who is the individual that changed your life more than YouTube, Michael Jordan, and the iPod put together?

		Lewis Smith
		Lewis Ranieri
		Louis Roberts
		Louis Ragoni

QUESTION 4

What is the instrument he created?

		Consumer mortgage securities
		Mortgage-backed securities
		Long-term mortgage securities
		Variable mortgage securities

QUESTION 5

Which of the following did the MBS NOT do?

		It pooled mortgages together
		It broadened the length of a mortgage
		The yield went up
		The risk stayed small

QUESTION 6

In what year did it all come crashing down?

		2002
		2006
		2008
		2010

QUESTION 7

What collapsed in the 1930's?

		The consumer price index
		Interest rates
		The vehicle market
		The housing market

QUESTION 8

What were two indicators of the crash?

		Rapid rise and complexity of interest rates
		Number of home sales
		Home Values
		Fraud

QUESTION 9

What was David's first task after being hired by Dr. Michael Burry?

		He wants to know the names of the top 20 bonds.
		He wants to know mortgages are in the top 20 bonds.
		He wants to know how many defaults occurred in the prior year.
		He wants to know the number of mortgages bonds in the U.S.

QUESTION 10

What does Michael Burry want to short?

		The Stock Market
		The Housing Market
		The Mortgage Industry

QUESTION 11

What was Michael's Burry's previous profession?

		Dentist
		Doctor
		Banker
		Real Estate Agent

QUESTION 12

When does Michael Burry predict the mortgage bonds will fail?

		2005
		2006
		2007
		2008

QUESTION 13

What is a subprime loan?

		A strong loan
		An extremely risky loan

QUESTION 14

At this point in the movie, Michael Burry says if the bond fails more than _______%, then the bond will fail.

		5
		10
		15
		20

QUESTION 15

What does "short the bond" mean?

		To bet that the bond will succeed
		To bet against the bond

QUESTION 16

How does Michael Bury know that the bonds are full of bad loans?

		Because he guessed
		Because someone told him
		Because he read them

QUESTION 17

In the movie it's stated that no one reads what's in the bonds except the

		banks that originated the bonds
		banks that purchase the bonds
		the attorneys who put the bonds together
		the investors who purchase the bonds

QUESTION 18

What was the first bank Michael Burry went to purchase credit default swaps?

		Morgan Stanley
		Lehman Brothers
		Deutsche Bank
		Goldman Sachs

QUESTION 19

What is the initial number of bonds Michael Burry wants to short?

		1
		3
		5
		6