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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.
Short Answer Questions
1. According to the author, investors don't fear losing money as much as they fear _____?
2. What fund goes from zero investment in the mortgage market in 1983 to thirty billion dollars worth of CMOs in 1986?
3. What is it called when occupants of an upmarket property buy out the owner-developer who repays his government loan?
4. What is the name of the Federal Housing Administration's approval to trade in whole loans?
5. What type of communication do the author and Dash launch into at the beginning of the work day?
Short Essay Questions
1. How does the role of researcher change at Salomon Brothers during the mortgage bond explosion?
2. What happens to the average age and the average age at Salomon Brothers in London in 1987?
3. Does Michael Milken consider himself a part of Drexel Burnham?
4. What is the relationship of IOs and POs to the market?
5. From the moment the Federal Reserve lifted interest rates in October 1979, what happens to the thrifts?
6. What is happening in colleges in Britain by the end of 1986?
7. What is selling short?
8. How does Bear Stearns take the $250 million loss that Howie Rubin incurs at Merrill Lynch?
9. What is the particular need of thrifts in terms of investing in the mortgage bond market?
10. What are the two kinds of friction at Salomon Brothers?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
What is the quickest way to be fired from Salomon Brothers? Why? How does Gutfreund act contrary to this unwritten rule? How does he get away with it?
Essay Topic 2
What does the author learn from Dash Riprock and Alexander at his job as a bond salesman in London? How are they different? What is Dash's telephone style?How is Alexander so easily able to read markets?
Essay Topic 3
Describe the training program at Salomon Brothers. How is it perceived by other firms? What is the difference between the people who sit in the front row and the people who sit in the back row of the training sessions? How are the Japanese trainees perceived? How do they perceive themselves? To which speaker does the back row respond favorably? Why?
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This section contains 776 words (approx. 3 pages at 300 words per page) |
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