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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 a cumulative number that suggests a consumer's credit risk?
2. Where did Michael Burry begin cataloging his investments and their results, which drew interest from Wall Street brokers without Burry's knowledge?
3. What is often referred to as a form of insurance that protects a lender if a borrower of capital defaults on a loan?
4. Where did Ben Hockett live and make investments from in Chapter 5?
5. What mortgage lender did an Oppenheimer banker obtain information on from Steve Eisman in Chapter 1?
Short Essay Questions
1. How are tranches differentiated in mortgage bonds?
2. How did Greg Lippmann believe he could make a fortune in the subprime mortgage industry in Chapter 3?
3. How did Greg Lippmann go about finding investors in Chapter 3?
4. What did Steve Eisman discover about Household Finance Corporation in Chapter 1?
5. With whom did Charley Ledley work in New York? What individual did he meet from Berkeley, California in Chapter 5?
6. What obstacles did Cornwall Capital Management face as a beginning business?
7. What report did Steve Eisman publish in 1997? Who assisted him?
8. What patterns did Steve Eisman's team discover in mortgage trading in Chapter 4?
9. What led Steve Eisman to open his own hedge fund?
10. What did Goldman Sachs begin doing with their bottom tranches in Chapter 3?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Discuss Charlie Ledley's objectives and obstacles at the Las Vegas conference. What did Ledley hope to achieve at the conference and what stood in his way?
Essay Topic 2
Discuss Moody's and Standard & Poor's. When were these rating companies established? What is their role on Wall Street?
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?
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This section contains 853 words (approx. 3 pages at 300 words per page) |
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