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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. In a short time, Michael Burry had credit default swaps worth what in subprime mortgage bonds in Chapter 2?
2. 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?
3. In criminal law, what is an intentional deception made for personal gain or to damage another individual?
4. After Eisman's published report, there were no more public subprime mortgage lenders by what year, as described in Chapter 1?
5. What was Michael Lewis' first book?
Short Essay Questions
1. What did Steve Eisman discover about Household Finance Corporation in Chapter 1?
2. With whom did Charley Ledley work in New York? What individual did he meet from Berkeley, California in Chapter 5?
3. What intrigued Steve Eisman about CDSs in Chapter 3?
4. What did Goldman Sachs begin doing with their bottom tranches in Chapter 3?
5. How did Charlie Ledley enter the bond market in Chapter 5?
6. How did Greg Lippmann go about finding investors in Chapter 3?
7. What did Steve Eisman's team conclude after analyzing the mortgage data in Chapter 4?
8. Discuss Steve Eisman's work with mortgage bonds. How were mortgage bonds divided?
9. How did Steve Eisman come to work for Oppenheimer Co.? How is he described?
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
Discuss Meredith Whitney, Oppenheimer and Co., and Citigroup. What market prediction brought great interest in Whitney?
Essay Topic 2
Describe Michael Burry's tactics in establishing Scion Capital. Where did Burry find investors and what did they think of his approach to trading?
Essay Topic 3
Discuss Cornwall Capital Management in comparison with Scion and FrontPoint. How did each of these companies compare in terms of assets and investors?
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This section contains 867 words (approx. 3 pages at 300 words per page) |
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