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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. After Eisman's published report, there were no more public subprime mortgage lenders by what year, as described in Chapter 1?
2. The sale of CDSs grew AIG FP so quickly that it provided what percent of AIG's profits in Chapter 3?
3. What company did Charlie Ledley and Jamie Mai investigate because of some legal troubles, deciding that the legal trouble would blow over and their low stock would soon rally in Chapter 5?
4. Michael Burry could not bet against mortgage bonds in the same way he could other bonds because he could not short houses, only what?
5. Where did Michael Lewis earn his Masters degree in Economics?
Short Essay Questions
1. What was AIG FP's role in the stock market crash, as described in Chapter 3?
2. How is Mike Burry described in Chapter 3? What did he study before entering the stock market?
3. What patterns did Steve Eisman's team discover in mortgage trading in Chapter 4?
4. How does the author describe his impressions of Wall Street when he began working there in Chapter 1?
5. What did Steve Eisman's team conclude after analyzing the mortgage data in Chapter 4?
6. How do stocks and bonds differ in trading?
7. What did Steve Eisman discover about Household Finance Corporation in Chapter 1?
8. How did Charlie Ledley's first investment pay out? What was the company's worth?
9. What important individuals and concepts are introduced in Chapter 1?
10. How did Steve Eisman come to work for Oppenheimer Co.? How is he described?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Discuss Gene Park and Joe Cassano and the discoveries made by Park in Chapter 4. What was Cassano's reaction when approached with the information?
Essay Topic 2
Define and discuss CDSs and CDOs. How many different mortgage bonds comprise a CDO and from what tranches are they chosen?
Essay Topic 3
Describe Michael Burry's tactics in establishing Scion Capital. Where did Burry find investors and what did they think of his approach to trading?
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This section contains 904 words (approx. 4 pages at 300 words per page) |
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