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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 does the SEC refer to?
2. At the conference in Chapter 6, Charlie Ledley spoke a man from what company that would eventually do business with Ledley's hedge fund?
3. When was John Gutfreund born?
4. When did Morgan Stanley purchase Smith Barney from Citigroup?
5. Who was the head of the surveillance department at Moody in Chapter 7?
Short Essay Questions
1. What did Charlie Ledley and Michael Burry do in the aftermath of the market disaster in Chapter 10?
2. Who took the hardest hit from the mortgage crisis, according to the author in his conclusion of the book?
3. What was Wing Chau selling essentially, as discovered by Eisman in Chapter 6?
4. How much did Mike Burry make from his CDSs in Chapter 9? What was his outcome?
5. What would have caused most of the Wall Street banks to fail, according to the author in Chapter 10?
6. For how much did Morgan Stanley settle on the CDOs in Chapter 9?
7. How did Howie Hubler get involved with CDO trading in Chapter 9?
8. Who courted Charlie Ledley at the conference in Chapter 6? What was Ledley's objective at the conference?
9. What actions from the 1980s does the author describe as leading up to the mortgage crisis in the Epilogue?
10. What took place as Steve Eisman gave a speech in Chapter 10?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Describe Charlie Ledley, Jamie Mai, Cornwall Capital Management and Capital One Financial. What investments did Ledley and Mai make in establishing their company?
Essay Topic 2
Describe Michael Burry's deals with Bank of America and Goldman Sachs in Chapter 2. How many CDSs did Burry purchase?
Essay Topic 3
Define and discuss CDSs and CDOs. How many different mortgage bonds comprise a CDO and from what tranches are they chosen?
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This section contains 900 words (approx. 3 pages at 300 words per page) |
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