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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 began shorting the stocks of rating companies as well as many of the CDO managers in Chapter 6?
2. Who was CEO of Morgan Stanley at the time Hubler was selling CDOs in Chapter 9?
3. In Chapter 9, Lippmann gave Hubler several chances to back out of the deal at a loss, but Hubler continuously refused until finally settling with Deutsche Bank for more than how much?
4. When did Scion Capital open business?
5. For what quickly flagging Wall Street firm was Eisman invited to make a speech in Chapter 10?
Short Essay Questions
1. What did Charlie Ledley and Michael Burry do in the aftermath of the market disaster in Chapter 10?
2. What did Morgan Stanley offer Howie Hubler in Chapter 9?
3. When did Howie Hubler disappear? How much did Morgan Stanley lose from his actions?
4. What conclusion did Steve Eisman reach regarding the CDSs and CDOs in Chapter 7?
5. Who courted Charlie Ledley at the conference in Chapter 6? What was Ledley's objective at the conference?
6. What would have caused most of the Wall Street banks to fail, according to the author in Chapter 10?
7. How many CDOs did Cornwall Capital Management acquire after the conference in Chapter 7?
8. What took place as Steve Eisman gave a speech in Chapter 10?
9. Who does the author describe meeting for lunch in the Epilogue?
10. What did Steve Eisman find himself drawn to at the conference in Chapter 6? Why?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Discuss the role that Merrill Lynch played in the mortgage crisis of 2008. What actions did the company take which led directly or indirectly to the failings of banks?
Essay Topic 2
Discuss Greg Lippmann and the dealings between Deutsche Bank and FrontPoint. What was Lippmann's objective in approaching Eisman?
Essay Topic 3
Analyze and discuss the market strategies of Cornwall Capital Management after the Las Vegas conference. What concerns did Ledley and Mai bring to the SEC and what response did they get?
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This section contains 906 words (approx. 4 pages at 300 words per page) |
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