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WorksheetsThe Big Short, Chap. 1
Total questions: 18
Worksheet time: 14mins
What had Steve Eisman studied in college?
South American history.
International trade.
Corporate law.
Art history.
Steve Eisman got his job with Oppenheimer and Co. through whom?
A friend from college.
His parents.
His neighbor.
His uncle
What mortgage lender did an Oppenheimer banker obtain information on from Steve Eisman in Chapter 1
Bear Stearns.
Gotham Capital.
Citigroup.
Aames Financial.
What refers to loans made to customers with less than perfect credit?
Subprime.
High interest.
CDS's.
Gambles.
What are bonds that are made up of mortgages sold to consumers by banks?
Mortgage bonds.
Optimum bonds.
Subprime bonds.
Mortgage rate stocks.
What is often referred to as a form of insurance that protects a lender if a borrower of capital defaults on a loan?
Credit default swap.
Collateral debt obligation.
FICO Scores.
Tranches.
What are divisions of mortgage bonds in which the mortgage bonds are divided into pieces?
Credit default swap.
Collateral debt obligation.
Tranches.
FICO Scores.
What refers to a cumulative number that suggests a consumer's credit risk?
Credit default swap.
Collateral debt obligation.
FICO Score.
Tranches.
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?
Credit default swap.
FICO Scores.
Collateral debt obligation.
Tranches.
In finance, what occurs when a debtor has not met his or her legal obligations according to the debt contract?
Repossesion.
Refinancing.
Default.
Forclosure.
With the creation of ______, mortgage companies became inspired to grow quickly and offer a great many loans to customers.
Standard & Poor's.
Mortgage bonds.
Moody's.
FICO Scores.
With whose assistance did Steve Eisman publish a report outlining the bad practices of the subprime mortgage lender in Chapter 1?
Meredith Whitney's.
Greg Lippmann's.
Michael Lewis'.
Vincent Daniel's.
When did Steve Eisman publish a report outlining the bad practices of the subprime mortgage lender in Chapter 1?
1990.
1997.
1994.
1988.
After Eisman's published report, there were no more public subprime mortgage lenders by what year, as described in Chapter 1?
2002.
2007.
2004.
2006.
Steve Eisman discovered that what company was fraudulently selling fifteen year mortgages under the guise of thirty year mortgages?
Salomon Brothers.
Household Finance Corporation.
Gotham Capital.
The Fitch Group.
What is the name of the investment group Steve Eisman formed after quitting his job as a bond analyst?
Cornwall Capital Management.
Scion Capital.
Deutsche Bank.
FrontPoint.
How are tranches differentiated in mortgage bonds? Just write a few sentences and do your best to describe the difference.
What led to mortgage companies extending loans to unreliable clients, as described in Chapter 1? (just try your best to answer this question. Don't worry about spelling or grammar.)
