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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. Who was the head of Salomon Brothers' mortgage department in the 1980s and featured in the book Liar's Poker?
2. When did FrontPoint close its health fund in amid accusations of insider trading and an FBI probe?
3. In Chapter 10, one of whose partners had a panic attack as he tried to keep his eye on the investments his fund had made in shorting the Wall Street banks?
4. In Chapter 7, Eisman came to the conclusion that none of the banks dealing in CDSs and CDOs really appreciated the disaster awaiting them because of what?
5. What online database is maintained by the SEC from which investors can access information filed with the agency?
Short Essay Questions
1. How did Howie Hubler get involved with CDO trading in Chapter 9?
2. What was Wing Chau selling essentially, as discovered by Eisman in Chapter 6?
3. What did Charlie Ledley and Michael Burry do in the aftermath of the market disaster in Chapter 10?
4. Why did Mike Burry's reports to investors appear bleak in Chapter 8?
5. What conclusion did Steve Eisman reach regarding the CDSs and CDOs in Chapter 7?
6. What did Steve Eisman find himself drawn to at the conference in Chapter 6? Why?
7. What information did Steve Eisman discover about the rating companies in Chapter 7?
8. What would have caused most of the Wall Street banks to fail, according to the author in Chapter 10?
9. Who did Steve Eisman meet at the dinner held by Deutsche Bank in Chapter 6? What did he learn?
10. What actions from the 1980s does the author describe as leading up to the mortgage crisis in the Epilogue?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Discuss Eisman and Daniel's 1997 report and its conclusions about subprime mortgage lending. How did the market change after the report's publication?
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 961 words (approx. 4 pages at 300 words per page) |
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