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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 companies approached Michael Burry and provided him with capital to begin his new company?
2. Through the use of what, was Michael Burry guaranteed to only lose only the amount of the premium payments in Chapter 2?
3. 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?
4. Who was Gene Park's boss in Chapter 4?
5. What refers to a cumulative number that suggests a consumer's credit risk?
Short Essay Questions
1. Who was the only person at AIG FP to investigate the company's CDSs in Chapter 4? What did he discover?
2. How did Cornwall Capital Management secure an ISDA? What did this mean for the company?
3. What did Goldman Sachs begin doing with their bottom tranches in Chapter 3?
4. What did Ledley and Mai discover about CDOs and CDSs in Chapter 5?
5. What did Steve Eisman discover about Household Finance Corporation in Chapter 1?
6. What important individuals and concepts are introduced in Chapter 1?
7. What report did Steve Eisman publish in 1997? Who assisted him?
8. Discuss Steve Eisman's work with mortgage bonds. How were mortgage bonds divided?
9. How did Greg Lippmann believe he could make a fortune in the subprime mortgage industry in Chapter 3?
10. What did Vincent Daniel discover about the ratings companies in Chapter 4?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Describe the personality of Steve Eisman as detailed in the book. What characteristics made Eisman fit for the world of Wall Street?
Essay Topic 2
Discuss Cornwall Capital Management in comparison with Scion and FrontPoint. How did each of these companies compare in terms of assets and investors?
Essay Topic 3
Discuss AIG FP and its role in the mortgage crisis of 2008. Who became aware of the role AIG FP played in the disaster?
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This section contains 867 words (approx. 3 pages at 300 words per page) |
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