Book Club #15.
Lesson: Financial markets/terms are intentional confusing to mislead
Lesson: Financial markets/terms are intentional confusing to mislead
About the Book:
The Big ShortSummary:
People created, sold, and misrated subprime mortgage loans. A couple of different individuals saw the disaster to come when CDOs built on subprime mortgage loans would eventually crash when borrowers would have problems repaying their mortgages after low teaser rates. The world fell into the resulting financial crisis, but some people bet against the market and won large.Questions:
1. Did you have a favorite character/relate any of the characters?
2. What did you know about the financial crisis before the book? What did you learn?
3. Does this make you think about banking and financial markets differently?
4. Did anything shock you?
5. Did you see the movie? How did it compare to the book?
2. What did you know about the financial crisis before the book? What did you learn?
3. Does this make you think about banking and financial markets differently?
4. Did anything shock you?
5. Did you see the movie? How did it compare to the book?
Conversation Summary:
Discussion topics:- Movie/book good job explaining terms
- Liked Christian Bale's character Michael Burry
- Mortgages and reading banking terms/fine print
- Boundaries in federal regulators vs. industry
- Penalties for wrongdoers
3/3 bears liked this book
No comments:
Post a Comment