Question: QUESTION 48 When Vinny first buys credit default swaps from Jared, how much does he buy? $20M $30M $40M $50M QUESTION 49 When Ben review
QUESTION 48
When Vinny first buys credit default swaps from Jared, how much does he buy?
| $20M | ||
| $30M | ||
| $40M | ||
| $50M |
QUESTION 49
When Ben review what Jamie and Charlie sent, he says it:
| Made him laugh | ||
| Made him angry | ||
| Scared him | ||
| Excited him |
QUESTION 50
Jamie and Charlie need Ben's help to do what?
| Get an ISDA | ||
| Get a loan | ||
| Shelter money | ||
| Provide a front for their company |
QUESTION 51
Truth is like
| a slippery slope | ||
| Poetry | ||
| Smoke | ||
| a moving target |
QUESTION 52
When the mortgage delinquencies begin to rise what happens to sub-prime bond prices?
| They go up | ||
| They go down |
QUESTION 53
Which ratings agency does Mark Baum visit?
| SEC | ||
| NASDAQ | ||
| Standard & Poor's | ||
| Moodie's |
QUESTION 54
Standard and Poor's believes the delinquency rates are
| Not so bad | ||
| Within their models | ||
| Probably going to turn around | ||
| Not high |
0.634 points
When Michael Burry changes the value of Scion capital on the white board, what is the new percentage?
| 9.3% | ||
| 10.2% | ||
| 11.3% | ||
| 12.6% |
QUESTION 56
Ben suggest they all go to which city?
| Las Vegas | ||
| Los Angeles | ||
| Dallas | ||
| Miami |
QUESTION 57
Mark Baum asks how likely it is that sub-prime losses will stop at
| 2% | ||
| 5% | ||
| 7% | ||
| 10% |
QUESTION 58
Jamie's brother's ex-girlfriend works for who?
| Standard and Poor's | ||
| The SEC | ||
| Moodie's | ||
| The Governor of New York |
QUESTION 59
At dinner, Charlie suggests that their next move should be to do what?
| Bet against the AA traunches | ||
| Bet against the BBB traunches | ||
| Sell all their credit default swaps | ||
| Quit trading all together |
QUESTION 60
As the mortgage market begins to crash, what happens to the value of the CDOs?
| They go up | ||
| They go down | ||
| They stay the same |
QUESTION 61
Jamie and Charlie visit a friend at which newspaper?
| The New York Times | ||
| The Washington Post | ||
| The Wall Street Journal | ||
| USA Today |
QUESTION 62
What is Morgan Stanley's exposure on the credit default swaps?
| $1 Billion | ||
| $5 Billion | ||
| $15 Billion | ||
| $20 Billion |
QUESTION 63
When Michael Burry begins to sell his position, what is its face value?
| $1.1 Billion | ||
| $1.2 Billion | ||
| $1.3 Billion | ||
| $1.4 Billion |
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