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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. Michael Burry lost his left eye due to what as a toddler?
2. What majority-owned subsidiary of Fimalac, S.A., is a global rating agency dedicated to providing value beyond the rating through independent and prospective credit opinions, research and data?
3. In Michael Burry's first credit default swap, he bought how many bonds?
4. Gene Park discovered that the CDSs being sold by his company contained more what than anyone knew?
5. When Cornwall Capital Management moved to Bear Sterns, their account was handled by whom?
Short Essay Questions
1. How did Cornwall Capital Management secure an ISDA? What did this mean for the company?
2. What did Steve Eisman discover about Household Finance Corporation in Chapter 1?
3. What did Steve Eisman's team conclude after analyzing the mortgage data in Chapter 4?
4. How are tranches differentiated in mortgage bonds?
5. What picture does the author paint of Steve Eisman and Wall Street in 2005 in Chapter 1?
6. How are AIG FP's actions described in Chapter 3?
7. With whom did Charley Ledley work in New York? What individual did he meet from Berkeley, California in Chapter 5?
8. What "expert" did Greg Lippmann bring to speak with Steve Eisman in Chapter 3? Why?
9. What intrigued Steve Eisman about CDSs in Chapter 3?
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 Moody's and Standard & Poor's. When were these rating companies established? What is their role on 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
Describe Michael Burry's deals with Bank of America and Goldman Sachs in Chapter 2. How many CDSs did Burry purchase?
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This section contains 850 words (approx. 3 pages at 300 words per page) |
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