Accounting

brothers of Leh man

100

When was Lehman Brothers founded

1987

200

What tactics did the Lehman Brothers used.

REPO

300

What was previous biggest one day market decline before the Lehman Brothers bankruptcy. 

Attacks of 9/11 

backygroundy

100

What does REPO stand for.

Repurchase Agreement.

200

What is a subprime mortgage.

A mortgage given to those with poor credit history.

300

Why were MBS considered low risk (high rating AAA)

They were a bundle of mortgages with the belief that not everyone will default on their mortgage at the same time. 

birthday crisis

100

Name 2 reason for the financial crisis in 2208 

Housing Crisis, Subprime Mortgages, excessive risk-taking, and collapse of the banking system

200

What is a MBS?

A bundle of mortgages sold to investor. The investors would receive income based off of mortgage payments

300

How were housing prices affected by the 2008 housing crisis

They decreased significally due to the amount of for closures

Mr. Rao FUN FACTS

100

What is Mr. Rao's last name?

Rao

200

Which Gr 12 classes does Mr. Rao teach?

Investments And Accounting

300

What university did Mr. Rao went to?

Schulich

400

What car does Mr. Rao drive?

Ford Mustang