The Big Short

What profession does the character Michael Burry hold?

• Real estate agent

• Banker

• Hedge fund manager

• Professional gambler

The film portrays the regulatory agencies and government as:

• Efficient and effective

• Inefficient and ineffective

• Strict and unforgiving

• Supportive and protective

What can be defined as "a bond made up of thousands of mortgages - investing in one is betting on the homeowners to successfully pay their mortgages"?

• MBS (Mortgage-Backed Security)

• CDO (Collateralized Debt Obligation)

• Government Bond

• CD (Certificate of Deposit)

What can be defined as "a 'below-standard' loan that starts off with a lowered 'teaser rate' that can jump 200-300% after the initial phase - requires no credit check/background verification"?

• Subprime Loan

• Fixed-Rate Loan

• Tranche

• Short

What does it mean to 'short' something?

• To bet against/bet on something's failure

• To cut a pair of oversized pants into shorts

• To bet on something's success

What hedge fund did Mark Baum manage?

• Frontpoint

• Scion

• Brownfield

• Morgan Stanley

What hedge fund did Dr. Michael Burry manage?

• Frontpoint

• Scion

• Brownfield

• Morgan Stanley

What private fund did Jamie Shipley and Charlie Geller run?

• Brownfield

• Scion

• Frontpoint

How did Ben Rickert assist Brownfield Fund?

• He provided them with connections to big banks

• He was the one who first told them about shorting the housing market

• He sold them their first house using a subprime loan

• He provided them with a 'small loan' of $3 million

What can be defined as "different layers of varying-levels of loans within an MBS"?

• Tranches

• Subprime Loans

• ISDA

• CDO