View a FREE sample

This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. What does CDO stand for?

2. In Chapter 5, Ledley and Mai bought multi-million dollar triple-A CDOs rather than the triple-B CDOs who had purchased?

3. In Chapter 4, AIG FP did not get whose message as he assumed they had?

4. During their research, Ledley and Mai discovered that many CDOs were comprised of triple-B rated mortgages being sold as what?

5. What had Michael Burry's father warned him to stay away from in Chapter 2?

Short Essay Questions

1. What drew Mike Burry to an interest in CDSs?

2. How do stocks and bonds differ in trading?

3. What obstacles did Cornwall Capital Management face as a beginning business?

4. How did Cornwall Capital Management secure an ISDA? What did this mean for the company?

5. How did Steve Eisman come to work for Oppenheimer Co.? How is he described?

6. What patterns did Steve Eisman's team discover in mortgage trading in Chapter 4?

7. What picture does the author paint of Steve Eisman and Wall Street in 2005 in Chapter 1?

8. How are AIG FP's actions described in Chapter 3?

9. Discuss Steve Eisman's work with mortgage bonds. How were mortgage bonds divided?

10. What led to mortgage companies extending loans to unreliable clients, as described in Chapter 1?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Describe the personality of Steve Eisman as detailed in the book. What characteristics made Eisman fit for the world of Wall Street?

Essay Topic 2

Describe the conversation between Wing Chau and Steve Eisman in Chapter 6 and analyze the synthesized CDOs discussed. What does this information reveal?

Essay Topic 3

Analyze and discuss the market strategies of Cornwall Capital Management after the Las Vegas conference. What concerns did Ledley and Mai bring to the SEC and what response did they get?

(see the answer keys)

This section contains 880 words (approx. 3 pages at 300 words per page) View a FREE sample