Question: QUESTION 9 What was David's first task after being hired by Dr. Michael Burry? He wants to know the names of the top 20 bonds.
QUESTION 9
What was David's first task after being hired by Dr. Michael Burry?
| He wants to know the names of the top 20 bonds. | ||
| He wants to know mortgages are in the top 20 bonds. | ||
| He wants to know how many defaults occurred in the prior year. | ||
| He wants to know the number of mortgages bonds in the U.S. |
QUESTION 10
What does Michael Burry want to short?
| The Stock Market | ||
| The Housing Market | ||
| The Mortgage Industry |
QUESTION 11
What was Michael's Burry's previous profession?
| Dentist | ||
| Doctor | ||
| Banker | ||
| Real Estate Agent |
QUESTION 12
When does Michael Burry predict the mortgage bonds will fail?
| 2005 | ||
| 2006 | ||
| 2007 | ||
| 2008 |
QUESTION 13
What is a subprime loan?
| A strong loan | ||
| An extremely risky loan |
QUESTION 14
At this point in the movie, Michael Burry says if the bond fails more than _______%, then the bond will fail.
| 5 | ||
| 10 | ||
| 15 | ||
| 20 |
QUESTION 15
What does "short the bond" mean?
| To bet that the bond will succeed | ||
| To bet against the bond |
QUESTION 16
How does Michael Bury know that the bonds are full of bad loans?
| Because he guessed | ||
| Because someone told him | ||
| Because he read them |
QUESTION 43
How much will the current owner let the house go for now?
| $350K | ||
| 480K | ||
| $585K | ||
| $650K |
QUESTION 44
How many of the loans originated by the mortgage brokers are adjustable rate mortgages?
| 60% | ||
| 70% | ||
| 80% | ||
| 90% |
QUESTION 45
What is a NINJA loan?
| A loan that has hidden terms | ||
| A loan where the job or income is not verified | ||
| A loan that makes the originator a lot of money | ||
| A loan that has a high interest rate |
QUESTION 46
The mortgage broker Mark Baum talks to makes how much on a fixed rate mortgage?
| $1000 | ||
| $2000 | ||
| $5000 | ||
| $10,000 |
QUESTION 47
How does Mark Baum know there is a housing bubble?
| Because the lady he talks to has no credit but owns five houses and a condo | ||
| Because the lady he talks to has only one mortgage loan | ||
| Because the lady he talks to has a job with W-2 income | ||
| Because the lady he talks to has all fixed-rate mortgages |
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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