The Michael Lewis Quicklet Bundle (7 books!) - The Blind Side, Liar's Poker, Moneyball, Boomerang, and more! by Holwerda Amy & Lac Karen & Crockett Zachary & Knoll Jameson

Author:Holwerda, Amy & Lac, Karen & Crockett, Zachary & Knoll, Jameson [Holwerda, Amy]
Language: eng
Format: epub
Publisher: Hyperink
Published: 2011-12-28T16:00:00+00:00

List Of Important People

Steve Eisman

One of the founders of FrontPoint Partners, Steve is the only one mentioned in the book. He is a quarrelsome, unpredictable character, seemingly bent on insulting every person on Wall Street. Steve was considered an expert on credit default swaps as the Wall Street crisis approached and was often called upon after the subprime mortgage bond system collapsed entirely.

Vincent Daniel

Eisman’s right hand man, Vincent Daniel, was hired to examine the accounting of subprime mortgage lenders. When Eisman set him in a room with all the data Moody’s would supply on subprime mortgage loans, Daniel was among the first to discover the shifty accounting of the subprime mortgage companies was hiding the fact that they weren’t making any money.

Danny Moses

Danny was a salesman at Oppenheimer and Co. who followed Steve Eisman to FrontPoint. He would soon become Eisman’s head trader and was present for many of the major decisions involving FrontPoint’s subprime mortgage bond activity.

Porter Collins

Porter joined Eisman as a salesman at FrontPoint due to their connection at Chilton Investments. He sometimes accompanied Eisman, Daniel and Moses to meetings. He sat beside Danny Moses the day the subprime markets collapsed.

Michael Burry

Dr. Michael Burry, the one-eyed neurologist turned trader, opened Scion Capital to feed his growing interest in making stock picks. He was phenomenally successful making normal trades when credit default swaps caught his attention. Burry is most notorious for pocketing the money of his investors when they wanted to pull out of his CDS investments in 2007; they doubled their money because of his decision.

Greg Lippmann

Greg Lippmann was a bond trader for Deutsche Bank who aggressively promoted the idea of shorting subprime mortgage bonds. His presentation, “Shorting Home Equity Mezzanine Tranches,” was forced upon traders and hedge fund managers alike. Lippmann was also responsible for introducing Eisman to CDO manager Wing Chau.

Eugene Xu

Eugene Xu was a Chinese analyst hired by Deutsche Bank. He provided Lippmann with the painfully detailed data for his presentation about selling short. He was also the first person to understand that subprime mortgage bonds would crash if home prices simply stopped rising.

Charlie Ledley

One of the founding partners of Cornwall Capital, Charlie Ledley was an idealist who had very little interest in making money. He was interested in the financial markets, however, and began making bets on financial products that seemed ridiculously under priced. He read Greg Lippmann’s presentation on shorting subprime mortgage bonds and brought the idea to Cornwall Capital.

Jamie Mai

Jamie Mai was Charlie Ledley’s partner at Cornwall Capital. Jamie brought the ideas espoused in Joel Greenblatt’s book, “You Can Be a Stock Market Genius” to Cornwall. Because of this book, Mai encouraged Cornwall to purchase stock options to make the best use of their limited funds.

Ben Hockett

A former derivative trader for Deutsche bank, Ben Hockett befriended Jamie Mai in Berkeley, California. He was eventually convinced to join Cornwall Capital, bridging the gap between their ideas and procedures on Wall Street. Because of Hockett, Cornwall received a variety of ISDA agreements in order to purchase credit default swaps.

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