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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. For what quickly flagging Wall Street firm was Eisman invited to make a speech in Chapter 10?
2. Analysts from where revealed to Eisman that no one truly understood these CDOs in Chapter 6?
3. In his Epilogue, what does the author amount to billion dollar gifts paid for by the American people?
4. What did "NASDAQ" originally stand for?
5. During the first six months of what year did Mike Burry find himself struggling with his investors in Chapter 8?
Short Essay Questions
1. What impact did the conference have on Cornwall Capital Management in Chapter 7?
2. What is a CDS?
3. What would have caused most of the Wall Street banks to fail, according to the author in Chapter 10?
4. Who did Steve Eisman meet at the dinner held by Deutsche Bank in Chapter 6? What did he learn?
5. Who courted Charlie Ledley at the conference in Chapter 6? What was Ledley's objective at the conference?
6. What was Wing Chau selling essentially, as discovered by Eisman in Chapter 6?
7. What did Steve Eisman find himself drawn to at the conference in Chapter 6? Why?
8. What investors did Scion Capital face losing in Chapter 8? Why?
9. What led Cornwall Capital Management to sell off their CDOs in Chapter 9? How much did they make?
10. Why did Mike Burry's reports to investors appear bleak in Chapter 8?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
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 2
Discuss the differences between stock trading and bond trading. How are bonds more difficult to determine the value of?
Essay Topic 3
Discuss Eisman and Daniel's 1997 report and its conclusions about subprime mortgage lending. How did the market change after the report's publication?
This section contains 892 words (approx. 3 pages at 300 words per page) |