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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. What refers to loans made to customers with less than perfect credit?
2. When was Michael Lewis born?
3. When was Michael Lewis' first book published?
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. 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?
Short Essay Questions
1. How do stocks and bonds differ in trading?
2. What did Vincent Daniel discover about the ratings companies in Chapter 4?
3. With whom did Charley Ledley work in New York? What individual did he meet from Berkeley, California in Chapter 5?
4. How are AIG FP's actions described in Chapter 3?
5. How does the author describe his impressions of Wall Street when he began working there in Chapter 1?
6. How did Cornwall Capital Management secure an ISDA? What did this mean for the company?
7. What did Steve Eisman discover about Household Finance Corporation in Chapter 1?
8. What obstacles did Cornwall Capital Management face as a beginning business?
9. What drew Mike Burry to an interest in CDSs?
10. What patterns did Steve Eisman's team discover in mortgage trading in Chapter 4?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Describe FICO and the role of rating systems in the mortgage crisis. From whom did Eisman make the discoveries about the ratings companies?
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
Discuss ISDAs, Ace Greenburg, Bear Sterns and Ben Hockett. How did Hockett contribute to the evolution of Cornwall Capital Management?
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This section contains 830 words (approx. 3 pages at 300 words per page) |
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