Round 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 is widely prohibited because it increases the risk of a failure to deliver. A book titled for this action and subtitled “Inside the (*) Doomsday Machine” highlights Steve Eisman and the ex-neurologist Michael Burry, who took this action (10[1])via credit (10[1])default swaps. This action can leave one susceptible to a namesake “squeeze,” (10[1])which happened in 2021 for those who took this strategy with GameStop. For 10 points, (10[1])Michael Lewis’s book about the 2008 financial crisis is titled for what investment strategy of betting against an asset? ■END■

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Summary