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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. Through the use of what, was Michael Burry guaranteed to only lose only the amount of the premium payments in Chapter 2?
2. What had Michael Burry's father warned him to stay away from in Chapter 2?
3. Where did Michael Lewis earn his Masters degree in Economics?
4. Where did Michael Burry share his thoughts on investing while learning what he could from others in Chapter 2?
5. What is a collection of one hundred different mortgage bonds, usually the riskiest that are combined to create a new group of bonds that could take the low rated bonds and reclassify them at a higher rate?
Short Essay Questions
1. How are tranches differentiated in mortgage bonds?
2. What led to mortgage companies extending loans to unreliable clients, as described in Chapter 1?
3. Who was the only person at AIG FP to investigate the company's CDSs in Chapter 4? What did he discover?
4. What did Ledley and Mai discover about CDOs and CDSs in Chapter 5?
5. What intrigued Steve Eisman about CDSs in Chapter 3?
6. What did Vincent Daniel discover about the ratings companies in Chapter 4?
7. How are AIG FP's actions described in Chapter 3?
8. What picture does the author paint of Steve Eisman and Wall Street in 2005 in Chapter 1?
9. How is Mike Burry described in Chapter 3? What did he study before entering the stock market?
10. How do stocks and bonds differ in trading?
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
Describe the personality of Steve Eisman as detailed in the book. What characteristics made Eisman fit for the world of Wall Street?
Essay Topic 3
Discuss Meredith Whitney, Oppenheimer and Co., and Citigroup. What market prediction brought great interest in Whitney?
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This section contains 915 words (approx. 4 pages at 300 words per page) |
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