Packet 7: Tossup 20

This action corresponds to the “30” in an approach called 130/30. Richard Fuld pushed for a ban on this action, which is restricted by the “uptick rule.” The days-to-cover is also called the namesake “interest ratio” of this action, which requires identifying a “locate.” The uncovered or “naked” form of this action may increase the risk (15[1])of a failure (-5[1])to (15[1])deliver. A book titled for this action and subtitled “Inside the (*) Doomsday Machine” highlights people like Steve Eisman and the ex-neurologist Michael Burry, who took this strategy by swapping CDOs. This strategy can leave one susceptible to a namesake “squeeze,” which (10[1])happened in (-5[1])2021 for those who took this strategy with GameStop. For 10 points, a Michael Lewis book about the 2008 financial crisis (10[1])is titled for what investment strategy of betting against an asset? ■END■ (10[1])

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