BackpropBuff/adversarial_qa_adversarialQA huggingface dataset:
Question: Who won the war that was just shy of a week?Nasser's nationalization of the Suez Canal and his emergence as the political victor from the subsequent Suez Crisis substantially elevated his popularity in Egypt and the Arab world. Calls for pan-Arab unity under his leadership increased, culminating with the formation of the United Arab Republic with Syria (1958–1961). In 1962, Nasser began a series of major socialist measures and modernization reforms in Egypt. Despite setbacks to his pan-Arabist cause, by 1963 Nasser's supporters gained power in several Arab countries and he became embroiled in the North Yemen Civil War. He began his second presidential term in March 1965 after his political opponents were banned from running. Following Egypt's defeat by Israel in the 1967 Six-Day War, Nasser resigned, but he returned to office after popular demonstrations called for his reinstatement. By 1968, Nasser had appointed himself prime minister, launched the War of Attrition to regain lost territory, began a process of depoliticizing the military, and issued a set of political liberalization reforms. After the conclusion of the 1970 Arab League summit, Nasser suffered a heart attack and died. His funeral in Cairo drew five million mourners and an outpouring of grief across the Arab world.

Answer:Israel
Question: What country did Syria partner with to form the United Arab Republic?Nasser's nationalization of the Suez Canal and his emergence as the political victor from the subsequent Suez Crisis substantially elevated his popularity in Egypt and the Arab world. Calls for pan-Arab unity under his leadership increased, culminating with the formation of the United Arab Republic with Syria (1958–1961). In 1962, Nasser began a series of major socialist measures and modernization reforms in Egypt. Despite setbacks to his pan-Arabist cause, by 1963 Nasser's supporters gained power in several Arab countries and he became embroiled in the North Yemen Civil War. He began his second presidential term in March 1965 after his political opponents were banned from running. Following Egypt's defeat by Israel in the 1967 Six-Day War, Nasser resigned, but he returned to office after popular demonstrations called for his reinstatement. By 1968, Nasser had appointed himself prime minister, launched the War of Attrition to regain lost territory, began a process of depoliticizing the military, and issued a set of political liberalization reforms. After the conclusion of the 1970 Arab League summit, Nasser suffered a heart attack and died. His funeral in Cairo drew five million mourners and an outpouring of grief across the Arab world.

Answer:Egypt
Question: How did people prove they supported Nasser?Nasser's nationalization of the Suez Canal and his emergence as the political victor from the subsequent Suez Crisis substantially elevated his popularity in Egypt and the Arab world. Calls for pan-Arab unity under his leadership increased, culminating with the formation of the United Arab Republic with Syria (1958–1961). In 1962, Nasser began a series of major socialist measures and modernization reforms in Egypt. Despite setbacks to his pan-Arabist cause, by 1963 Nasser's supporters gained power in several Arab countries and he became embroiled in the North Yemen Civil War. He began his second presidential term in March 1965 after his political opponents were banned from running. Following Egypt's defeat by Israel in the 1967 Six-Day War, Nasser resigned, but he returned to office after popular demonstrations called for his reinstatement. By 1968, Nasser had appointed himself prime minister, launched the War of Attrition to regain lost territory, began a process of depoliticizing the military, and issued a set of political liberalization reforms. After the conclusion of the 1970 Arab League summit, Nasser suffered a heart attack and died. His funeral in Cairo drew five million mourners and an outpouring of grief across the Arab world.

Answer:demonstrations
Question: Which is not a last name, Nasser or Suez?Nasser's nationalization of the Suez Canal and his emergence as the political victor from the subsequent Suez Crisis substantially elevated his popularity in Egypt and the Arab world. Calls for pan-Arab unity under his leadership increased, culminating with the formation of the United Arab Republic with Syria (1958–1961). In 1962, Nasser began a series of major socialist measures and modernization reforms in Egypt. Despite setbacks to his pan-Arabist cause, by 1963 Nasser's supporters gained power in several Arab countries and he became embroiled in the North Yemen Civil War. He began his second presidential term in March 1965 after his political opponents were banned from running. Following Egypt's defeat by Israel in the 1967 Six-Day War, Nasser resigned, but he returned to office after popular demonstrations called for his reinstatement. By 1968, Nasser had appointed himself prime minister, launched the War of Attrition to regain lost territory, began a process of depoliticizing the military, and issued a set of political liberalization reforms. After the conclusion of the 1970 Arab League summit, Nasser suffered a heart attack and died. His funeral in Cairo drew five million mourners and an outpouring of grief across the Arab world.

Answer:Suez
Question: Which came first, the Six-Day War or the War of Attrition?Nasser's nationalization of the Suez Canal and his emergence as the political victor from the subsequent Suez Crisis substantially elevated his popularity in Egypt and the Arab world. Calls for pan-Arab unity under his leadership increased, culminating with the formation of the United Arab Republic with Syria (1958–1961). In 1962, Nasser began a series of major socialist measures and modernization reforms in Egypt. Despite setbacks to his pan-Arabist cause, by 1963 Nasser's supporters gained power in several Arab countries and he became embroiled in the North Yemen Civil War. He began his second presidential term in March 1965 after his political opponents were banned from running. Following Egypt's defeat by Israel in the 1967 Six-Day War, Nasser resigned, but he returned to office after popular demonstrations called for his reinstatement. By 1968, Nasser had appointed himself prime minister, launched the War of Attrition to regain lost territory, began a process of depoliticizing the military, and issued a set of political liberalization reforms. After the conclusion of the 1970 Arab League summit, Nasser suffered a heart attack and died. His funeral in Cairo drew five million mourners and an outpouring of grief across the Arab world.

Answer:Six-Day War
Question: Which war did Nasser get involved in prior to Egypt's defeat by Israel?Nasser's nationalization of the Suez Canal and his emergence as the political victor from the subsequent Suez Crisis substantially elevated his popularity in Egypt and the Arab world. Calls for pan-Arab unity under his leadership increased, culminating with the formation of the United Arab Republic with Syria (1958–1961). In 1962, Nasser began a series of major socialist measures and modernization reforms in Egypt. Despite setbacks to his pan-Arabist cause, by 1963 Nasser's supporters gained power in several Arab countries and he became embroiled in the North Yemen Civil War. He began his second presidential term in March 1965 after his political opponents were banned from running. Following Egypt's defeat by Israel in the 1967 Six-Day War, Nasser resigned, but he returned to office after popular demonstrations called for his reinstatement. By 1968, Nasser had appointed himself prime minister, launched the War of Attrition to regain lost territory, began a process of depoliticizing the military, and issued a set of political liberalization reforms. After the conclusion of the 1970 Arab League summit, Nasser suffered a heart attack and died. His funeral in Cairo drew five million mourners and an outpouring of grief across the Arab world.

Answer:North Yemen Civil War
Question: In what country was Nasser's funeral held?Nasser's nationalization of the Suez Canal and his emergence as the political victor from the subsequent Suez Crisis substantially elevated his popularity in Egypt and the Arab world. Calls for pan-Arab unity under his leadership increased, culminating with the formation of the United Arab Republic with Syria (1958–1961). In 1962, Nasser began a series of major socialist measures and modernization reforms in Egypt. Despite setbacks to his pan-Arabist cause, by 1963 Nasser's supporters gained power in several Arab countries and he became embroiled in the North Yemen Civil War. He began his second presidential term in March 1965 after his political opponents were banned from running. Following Egypt's defeat by Israel in the 1967 Six-Day War, Nasser resigned, but he returned to office after popular demonstrations called for his reinstatement. By 1968, Nasser had appointed himself prime minister, launched the War of Attrition to regain lost territory, began a process of depoliticizing the military, and issued a set of political liberalization reforms. After the conclusion of the 1970 Arab League summit, Nasser suffered a heart attack and died. His funeral in Cairo drew five million mourners and an outpouring of grief across the Arab world.

Answer:Egypt
Question: What was the result of Nasser's rule?In January 1953, Nasser overcame opposition from Naguib and banned all political parties, creating a one-party system under the Liberation Rally, a loosely structured movement whose chief task was to organize pro-RCC rallies and lectures, with Nasser its secretary-general. Despite the dissolution order, Nasser was the only RCC member who still favored holding parliamentary elections, according to his fellow officer Abdel Latif Boghdadi. Although outvoted, he still advocated holding elections by 1956. In March 1953, Nasser led the Egyptian delegation negotiating a British withdrawal from the Suez Canal.

Answer:a one-party system
Question: What tasks did Nasser accomplish in 1953?In January 1953, Nasser overcame opposition from Naguib and banned all political parties, creating a one-party system under the Liberation Rally, a loosely structured movement whose chief task was to organize pro-RCC rallies and lectures, with Nasser its secretary-general. Despite the dissolution order, Nasser was the only RCC member who still favored holding parliamentary elections, according to his fellow officer Abdel Latif Boghdadi. Although outvoted, he still advocated holding elections by 1956. In March 1953, Nasser led the Egyptian delegation negotiating a British withdrawal from the Suez Canal.

Answer:banned all political parties
Question: How did Nasser differ from other RCC mmebersIn January 1953, Nasser overcame opposition from Naguib and banned all political parties, creating a one-party system under the Liberation Rally, a loosely structured movement whose chief task was to organize pro-RCC rallies and lectures, with Nasser its secretary-general. Despite the dissolution order, Nasser was the only RCC member who still favored holding parliamentary elections, according to his fellow officer Abdel Latif Boghdadi. Although outvoted, he still advocated holding elections by 1956. In March 1953, Nasser led the Egyptian delegation negotiating a British withdrawal from the Suez Canal.

Answer:still favored holding parliamentary elections
Question: What is Nasser known for doing?In January 1953, Nasser overcame opposition from Naguib and banned all political parties, creating a one-party system under the Liberation Rally, a loosely structured movement whose chief task was to organize pro-RCC rallies and lectures, with Nasser its secretary-general. Despite the dissolution order, Nasser was the only RCC member who still favored holding parliamentary elections, according to his fellow officer Abdel Latif Boghdadi. Although outvoted, he still advocated holding elections by 1956. In March 1953, Nasser led the Egyptian delegation negotiating a British withdrawal from the Suez Canal.

Answer:creating a one-party system
Question: How many people in the RCC wanted parliamentary elections?In January 1953, Nasser overcame opposition from Naguib and banned all political parties, creating a one-party system under the Liberation Rally, a loosely structured movement whose chief task was to organize pro-RCC rallies and lectures, with Nasser its secretary-general. Despite the dissolution order, Nasser was the only RCC member who still favored holding parliamentary elections, according to his fellow officer Abdel Latif Boghdadi. Although outvoted, he still advocated holding elections by 1956. In March 1953, Nasser led the Egyptian delegation negotiating a British withdrawal from the Suez Canal.

Answer:Nasser was the only RCC member who still favored holding parliamentary elections
Question: What action did Nasser take once in power?In January 1953, Nasser overcame opposition from Naguib and banned all political parties, creating a one-party system under the Liberation Rally, a loosely structured movement whose chief task was to organize pro-RCC rallies and lectures, with Nasser its secretary-general. Despite the dissolution order, Nasser was the only RCC member who still favored holding parliamentary elections, according to his fellow officer Abdel Latif Boghdadi. Although outvoted, he still advocated holding elections by 1956. In March 1953, Nasser led the Egyptian delegation negotiating a British withdrawal from the Suez Canal.

Answer:creating a one-party system
Question: Who were all the people in the RCC who wanted parliamentary elections?In January 1953, Nasser overcame opposition from Naguib and banned all political parties, creating a one-party system under the Liberation Rally, a loosely structured movement whose chief task was to organize pro-RCC rallies and lectures, with Nasser its secretary-general. Despite the dissolution order, Nasser was the only RCC member who still favored holding parliamentary elections, according to his fellow officer Abdel Latif Boghdadi. Although outvoted, he still advocated holding elections by 1956. In March 1953, Nasser led the Egyptian delegation negotiating a British withdrawal from the Suez Canal.

Answer:Nasser was the only RCC member who still favored holding parliamentary elections
Question: Which of the following did not decrease during the recession: consumer wealth, foreclosures or economic activity?It threatened the collapse of large financial institutions, which was prevented by the bailout of banks by national governments, but stock markets still dropped worldwide. In many areas, the housing market also suffered, resulting in evictions, foreclosures and prolonged unemployment. The crisis played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of U.S. dollars, and a downturn in economic activity leading to the 2008–2012 global recession and contributing to the European sovereign-debt crisis. The active phase of the crisis, which manifested as a liquidity crisis, can be dated from August 9, 2007, when BNP Paribas terminated withdrawals from three hedge funds citing "a complete evaporation of liquidity".

Answer:foreclosures
Question: What step was taken to make sure that large banks did not fail?It threatened the collapse of large financial institutions, which was prevented by the bailout of banks by national governments, but stock markets still dropped worldwide. In many areas, the housing market also suffered, resulting in evictions, foreclosures and prolonged unemployment. The crisis played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of U.S. dollars, and a downturn in economic activity leading to the 2008–2012 global recession and contributing to the European sovereign-debt crisis. The active phase of the crisis, which manifested as a liquidity crisis, can be dated from August 9, 2007, when BNP Paribas terminated withdrawals from three hedge funds citing "a complete evaporation of liquidity".

Answer:bailout of banks
Question: What is another name for banks?It threatened the collapse of large financial institutions, which was prevented by the bailout of banks by national governments, but stock markets still dropped worldwide. In many areas, the housing market also suffered, resulting in evictions, foreclosures and prolonged unemployment. The crisis played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of U.S. dollars, and a downturn in economic activity leading to the 2008–2012 global recession and contributing to the European sovereign-debt crisis. The active phase of the crisis, which manifested as a liquidity crisis, can be dated from August 9, 2007, when BNP Paribas terminated withdrawals from three hedge funds citing "a complete evaporation of liquidity".

Answer:large financial institutions
Question: What initiated the liquidity crisis?It threatened the collapse of large financial institutions, which was prevented by the bailout of banks by national governments, but stock markets still dropped worldwide. In many areas, the housing market also suffered, resulting in evictions, foreclosures and prolonged unemployment. The crisis played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of U.S. dollars, and a downturn in economic activity leading to the 2008–2012 global recession and contributing to the European sovereign-debt crisis. The active phase of the crisis, which manifested as a liquidity crisis, can be dated from August 9, 2007, when BNP Paribas terminated withdrawals from three hedge funds citing "a complete evaporation of liquidity".

Answer:BNP Paribas terminated withdrawals from three hedge funds
Question: What precipitated the 2008-2012 global recession?It threatened the collapse of large financial institutions, which was prevented by the bailout of banks by national governments, but stock markets still dropped worldwide. In many areas, the housing market also suffered, resulting in evictions, foreclosures and prolonged unemployment. The crisis played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of U.S. dollars, and a downturn in economic activity leading to the 2008–2012 global recession and contributing to the European sovereign-debt crisis. The active phase of the crisis, which manifested as a liquidity crisis, can be dated from August 9, 2007, when BNP Paribas terminated withdrawals from three hedge funds citing "a complete evaporation of liquidity".

Answer:failure of key businesses, declines in consumer wealth estimated in trillions of U.S. dollars, and a downturn in economic activity
Question: Which of the following increased during the recession: stock markets, unemployment or liquidity?It threatened the collapse of large financial institutions, which was prevented by the bailout of banks by national governments, but stock markets still dropped worldwide. In many areas, the housing market also suffered, resulting in evictions, foreclosures and prolonged unemployment. The crisis played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of U.S. dollars, and a downturn in economic activity leading to the 2008–2012 global recession and contributing to the European sovereign-debt crisis. The active phase of the crisis, which manifested as a liquidity crisis, can be dated from August 9, 2007, when BNP Paribas terminated withdrawals from three hedge funds citing "a complete evaporation of liquidity".

Answer:unemployment
Question: What international event was precipitated by this economic crisis?It threatened the collapse of large financial institutions, which was prevented by the bailout of banks by national governments, but stock markets still dropped worldwide. In many areas, the housing market also suffered, resulting in evictions, foreclosures and prolonged unemployment. The crisis played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of U.S. dollars, and a downturn in economic activity leading to the 2008–2012 global recession and contributing to the European sovereign-debt crisis. The active phase of the crisis, which manifested as a liquidity crisis, can be dated from August 9, 2007, when BNP Paribas terminated withdrawals from three hedge funds citing "a complete evaporation of liquidity".

Answer:the 2008–2012 global recession
Question: What threatened the collapse?It threatened the collapse of large financial institutions, which was prevented by the bailout of banks by national governments, but stock markets still dropped worldwide. In many areas, the housing market also suffered, resulting in evictions, foreclosures and prolonged unemployment. The crisis played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of U.S. dollars, and a downturn in economic activity leading to the 2008–2012 global recession and contributing to the European sovereign-debt crisis. The active phase of the crisis, which manifested as a liquidity crisis, can be dated from August 9, 2007, when BNP Paribas terminated withdrawals from three hedge funds citing "a complete evaporation of liquidity".

Answer:2008–2012 global recession
Question: What nation did this affect?It threatened the collapse of large financial institutions, which was prevented by the bailout of banks by national governments, but stock markets still dropped worldwide. In many areas, the housing market also suffered, resulting in evictions, foreclosures and prolonged unemployment. The crisis played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of U.S. dollars, and a downturn in economic activity leading to the 2008–2012 global recession and contributing to the European sovereign-debt crisis. The active phase of the crisis, which manifested as a liquidity crisis, can be dated from August 9, 2007, when BNP Paribas terminated withdrawals from three hedge funds citing "a complete evaporation of liquidity".

Answer:worldwide
Question: Which of the following was not the direct result of a decline in the housing market: evictions, the European sovereign-debt crisis, or foreclosures?It threatened the collapse of large financial institutions, which was prevented by the bailout of banks by national governments, but stock markets still dropped worldwide. In many areas, the housing market also suffered, resulting in evictions, foreclosures and prolonged unemployment. The crisis played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of U.S. dollars, and a downturn in economic activity leading to the 2008–2012 global recession and contributing to the European sovereign-debt crisis. The active phase of the crisis, which manifested as a liquidity crisis, can be dated from August 9, 2007, when BNP Paribas terminated withdrawals from three hedge funds citing "a complete evaporation of liquidity".

Answer:European sovereign-debt crisis
Question: What was the liquidity crisis?It threatened the collapse of large financial institutions, which was prevented by the bailout of banks by national governments, but stock markets still dropped worldwide. In many areas, the housing market also suffered, resulting in evictions, foreclosures and prolonged unemployment. The crisis played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of U.S. dollars, and a downturn in economic activity leading to the 2008–2012 global recession and contributing to the European sovereign-debt crisis. The active phase of the crisis, which manifested as a liquidity crisis, can be dated from August 9, 2007, when BNP Paribas terminated withdrawals from three hedge funds citing "a complete evaporation of liquidity".

Answer:active phase of the crisis
Question: What was not met?Others have pointed out that there were not enough of these loans made to cause a crisis of this magnitude. In an article in Portfolio Magazine, Michael Lewis spoke with one trader who noted that "There weren’t enough Americans with [bad] credit taking out [bad loans] to satisfy investors' appetite for the end product." Essentially, investment banks and hedge funds used financial innovation to enable large wagers to be made, far beyond the actual value of the underlying mortgage loans, using derivatives called credit default swaps, collateralized debt obligations and synthetic CDOs.

Answer:investors' appetite for the end product
Question: What do they use for large wagers?Others have pointed out that there were not enough of these loans made to cause a crisis of this magnitude. In an article in Portfolio Magazine, Michael Lewis spoke with one trader who noted that "There weren’t enough Americans with [bad] credit taking out [bad loans] to satisfy investors' appetite for the end product." Essentially, investment banks and hedge funds used financial innovation to enable large wagers to be made, far beyond the actual value of the underlying mortgage loans, using derivatives called credit default swaps, collateralized debt obligations and synthetic CDOs.

Answer:credit default swaps, collateralized debt obligations and synthetic CDOs
Question: What was lacking?Others have pointed out that there were not enough of these loans made to cause a crisis of this magnitude. In an article in Portfolio Magazine, Michael Lewis spoke with one trader who noted that "There weren’t enough Americans with [bad] credit taking out [bad loans] to satisfy investors' appetite for the end product." Essentially, investment banks and hedge funds used financial innovation to enable large wagers to be made, far beyond the actual value of the underlying mortgage loans, using derivatives called credit default swaps, collateralized debt obligations and synthetic CDOs.

Answer:Americans with [bad] credit
Question: What did investment banks and hedge funds use?Others have pointed out that there were not enough of these loans made to cause a crisis of this magnitude. In an article in Portfolio Magazine, Michael Lewis spoke with one trader who noted that "There weren’t enough Americans with [bad] credit taking out [bad loans] to satisfy investors' appetite for the end product." Essentially, investment banks and hedge funds used financial innovation to enable large wagers to be made, far beyond the actual value of the underlying mortgage loans, using derivatives called credit default swaps, collateralized debt obligations and synthetic CDOs.

Answer:financial innovation
Question: What was exaggerated?Others have pointed out that there were not enough of these loans made to cause a crisis of this magnitude. In an article in Portfolio Magazine, Michael Lewis spoke with one trader who noted that "There weren’t enough Americans with [bad] credit taking out [bad loans] to satisfy investors' appetite for the end product." Essentially, investment banks and hedge funds used financial innovation to enable large wagers to be made, far beyond the actual value of the underlying mortgage loans, using derivatives called credit default swaps, collateralized debt obligations and synthetic CDOs.

Answer:value of the underlying mortgage loans
Question: Where do you go to apply for house loan?Others have pointed out that there were not enough of these loans made to cause a crisis of this magnitude. In an article in Portfolio Magazine, Michael Lewis spoke with one trader who noted that "There weren’t enough Americans with [bad] credit taking out [bad loans] to satisfy investors' appetite for the end product." Essentially, investment banks and hedge funds used financial innovation to enable large wagers to be made, far beyond the actual value of the underlying mortgage loans, using derivatives called credit default swaps, collateralized debt obligations and synthetic CDOs.

Answer:banks
Question: What is a house loan called?Others have pointed out that there were not enough of these loans made to cause a crisis of this magnitude. In an article in Portfolio Magazine, Michael Lewis spoke with one trader who noted that "There weren’t enough Americans with [bad] credit taking out [bad loans] to satisfy investors' appetite for the end product." Essentially, investment banks and hedge funds used financial innovation to enable large wagers to be made, far beyond the actual value of the underlying mortgage loans, using derivatives called credit default swaps, collateralized debt obligations and synthetic CDOs.

Answer:mortgage
Question: Who said there were not enough American's with bad loans?Others have pointed out that there were not enough of these loans made to cause a crisis of this magnitude. In an article in Portfolio Magazine, Michael Lewis spoke with one trader who noted that "There weren’t enough Americans with [bad] credit taking out [bad loans] to satisfy investors' appetite for the end product." Essentially, investment banks and hedge funds used financial innovation to enable large wagers to be made, far beyond the actual value of the underlying mortgage loans, using derivatives called credit default swaps, collateralized debt obligations and synthetic CDOs.

Answer:trader
Question: Who said there weren't enough bad loans?Others have pointed out that there were not enough of these loans made to cause a crisis of this magnitude. In an article in Portfolio Magazine, Michael Lewis spoke with one trader who noted that "There weren’t enough Americans with [bad] credit taking out [bad loans] to satisfy investors' appetite for the end product." Essentially, investment banks and hedge funds used financial innovation to enable large wagers to be made, far beyond the actual value of the underlying mortgage loans, using derivatives called credit default swaps, collateralized debt obligations and synthetic CDOs.

Answer:Others
Question: What happened to the people who didn't follow the FDIC limits?On July 11, 2008, citing liquidity concerns, the FDIC put IndyMac Bank into conservatorship. A bridge bank, IndyMac Federal Bank, FSB, was established to assume control of IndyMac Bank's assets, its secured liabilities, and its insured deposit accounts. The FDIC announced plans to open IndyMac Federal Bank, FSB on July 14, 2008. Until then, depositors would have access their insured deposits through ATMs, their existing checks, and their existing debit cards. Telephone and Internet account access was restored when the bank reopened. The FDIC guarantees the funds of all insured accounts up to US$100,000, and has declared a special advance dividend to the roughly 10,000 depositors with funds in excess of the insured amount, guaranteeing 50% of any amounts in excess of $100,000. Yet, even with the pending sale of Indymac to IMB Management Holdings, an estimated 10,000 uninsured depositors of Indymac are still at a loss of over $270 million.

Answer:guaranteeing 50% of any amounts in excess of $100,000
Question: Why was IndyMac Federal Bank put into serviceOn July 11, 2008, citing liquidity concerns, the FDIC put IndyMac Bank into conservatorship. A bridge bank, IndyMac Federal Bank, FSB, was established to assume control of IndyMac Bank's assets, its secured liabilities, and its insured deposit accounts. The FDIC announced plans to open IndyMac Federal Bank, FSB on July 14, 2008. Until then, depositors would have access their insured deposits through ATMs, their existing checks, and their existing debit cards. Telephone and Internet account access was restored when the bank reopened. The FDIC guarantees the funds of all insured accounts up to US$100,000, and has declared a special advance dividend to the roughly 10,000 depositors with funds in excess of the insured amount, guaranteeing 50% of any amounts in excess of $100,000. Yet, even with the pending sale of Indymac to IMB Management Holdings, an estimated 10,000 uninsured depositors of Indymac are still at a loss of over $270 million.

Answer:citing liquidity concerns, the FDIC put IndyMac Bank into conservatorship
Question: What unfortunate incident happened before July 14?On July 11, 2008, citing liquidity concerns, the FDIC put IndyMac Bank into conservatorship. A bridge bank, IndyMac Federal Bank, FSB, was established to assume control of IndyMac Bank's assets, its secured liabilities, and its insured deposit accounts. The FDIC announced plans to open IndyMac Federal Bank, FSB on July 14, 2008. Until then, depositors would have access their insured deposits through ATMs, their existing checks, and their existing debit cards. Telephone and Internet account access was restored when the bank reopened. The FDIC guarantees the funds of all insured accounts up to US$100,000, and has declared a special advance dividend to the roughly 10,000 depositors with funds in excess of the insured amount, guaranteeing 50% of any amounts in excess of $100,000. Yet, even with the pending sale of Indymac to IMB Management Holdings, an estimated 10,000 uninsured depositors of Indymac are still at a loss of over $270 million.

Answer:citing liquidity concerns, the FDIC put IndyMac Bank into conservatorship
Question: Until July 14, 2008 how could depositrs use their insured deposits besides checks and ATMs?On July 11, 2008, citing liquidity concerns, the FDIC put IndyMac Bank into conservatorship. A bridge bank, IndyMac Federal Bank, FSB, was established to assume control of IndyMac Bank's assets, its secured liabilities, and its insured deposit accounts. The FDIC announced plans to open IndyMac Federal Bank, FSB on July 14, 2008. Until then, depositors would have access their insured deposits through ATMs, their existing checks, and their existing debit cards. Telephone and Internet account access was restored when the bank reopened. The FDIC guarantees the funds of all insured accounts up to US$100,000, and has declared a special advance dividend to the roughly 10,000 depositors with funds in excess of the insured amount, guaranteeing 50% of any amounts in excess of $100,000. Yet, even with the pending sale of Indymac to IMB Management Holdings, an estimated 10,000 uninsured depositors of Indymac are still at a loss of over $270 million.

Answer:debit cards
Question: What could you use again besides internet access when the bank was opened again?On July 11, 2008, citing liquidity concerns, the FDIC put IndyMac Bank into conservatorship. A bridge bank, IndyMac Federal Bank, FSB, was established to assume control of IndyMac Bank's assets, its secured liabilities, and its insured deposit accounts. The FDIC announced plans to open IndyMac Federal Bank, FSB on July 14, 2008. Until then, depositors would have access their insured deposits through ATMs, their existing checks, and their existing debit cards. Telephone and Internet account access was restored when the bank reopened. The FDIC guarantees the funds of all insured accounts up to US$100,000, and has declared a special advance dividend to the roughly 10,000 depositors with funds in excess of the insured amount, guaranteeing 50% of any amounts in excess of $100,000. Yet, even with the pending sale of Indymac to IMB Management Holdings, an estimated 10,000 uninsured depositors of Indymac are still at a loss of over $270 million.

Answer:Telephone
Question: How many people loss money in the pending sale?On July 11, 2008, citing liquidity concerns, the FDIC put IndyMac Bank into conservatorship. A bridge bank, IndyMac Federal Bank, FSB, was established to assume control of IndyMac Bank's assets, its secured liabilities, and its insured deposit accounts. The FDIC announced plans to open IndyMac Federal Bank, FSB on July 14, 2008. Until then, depositors would have access their insured deposits through ATMs, their existing checks, and their existing debit cards. Telephone and Internet account access was restored when the bank reopened. The FDIC guarantees the funds of all insured accounts up to US$100,000, and has declared a special advance dividend to the roughly 10,000 depositors with funds in excess of the insured amount, guaranteeing 50% of any amounts in excess of $100,000. Yet, even with the pending sale of Indymac to IMB Management Holdings, an estimated 10,000 uninsured depositors of Indymac are still at a loss of over $270 million.

Answer:10,000 uninsured depositors
Question: Why did 10,000 uninsured depositors lose so much money?On July 11, 2008, citing liquidity concerns, the FDIC put IndyMac Bank into conservatorship. A bridge bank, IndyMac Federal Bank, FSB, was established to assume control of IndyMac Bank's assets, its secured liabilities, and its insured deposit accounts. The FDIC announced plans to open IndyMac Federal Bank, FSB on July 14, 2008. Until then, depositors would have access their insured deposits through ATMs, their existing checks, and their existing debit cards. Telephone and Internet account access was restored when the bank reopened. The FDIC guarantees the funds of all insured accounts up to US$100,000, and has declared a special advance dividend to the roughly 10,000 depositors with funds in excess of the insured amount, guaranteeing 50% of any amounts in excess of $100,000. Yet, even with the pending sale of Indymac to IMB Management Holdings, an estimated 10,000 uninsured depositors of Indymac are still at a loss of over $270 million.

Answer:citing liquidity concerns, the FDIC put IndyMac Bank into conservatorship
Question: What was IndyMac Federal Bank?On July 11, 2008, citing liquidity concerns, the FDIC put IndyMac Bank into conservatorship. A bridge bank, IndyMac Federal Bank, FSB, was established to assume control of IndyMac Bank's assets, its secured liabilities, and its insured deposit accounts. The FDIC announced plans to open IndyMac Federal Bank, FSB on July 14, 2008. Until then, depositors would have access their insured deposits through ATMs, their existing checks, and their existing debit cards. Telephone and Internet account access was restored when the bank reopened. The FDIC guarantees the funds of all insured accounts up to US$100,000, and has declared a special advance dividend to the roughly 10,000 depositors with funds in excess of the insured amount, guaranteeing 50% of any amounts in excess of $100,000. Yet, even with the pending sale of Indymac to IMB Management Holdings, an estimated 10,000 uninsured depositors of Indymac are still at a loss of over $270 million.

Answer:A bridge bank
Question: .What happened as soon as IndyMac Federal Bank opened?On July 11, 2008, citing liquidity concerns, the FDIC put IndyMac Bank into conservatorship. A bridge bank, IndyMac Federal Bank, FSB, was established to assume control of IndyMac Bank's assets, its secured liabilities, and its insured deposit accounts. The FDIC announced plans to open IndyMac Federal Bank, FSB on July 14, 2008. Until then, depositors would have access their insured deposits through ATMs, their existing checks, and their existing debit cards. Telephone and Internet account access was restored when the bank reopened. The FDIC guarantees the funds of all insured accounts up to US$100,000, and has declared a special advance dividend to the roughly 10,000 depositors with funds in excess of the insured amount, guaranteeing 50% of any amounts in excess of $100,000. Yet, even with the pending sale of Indymac to IMB Management Holdings, an estimated 10,000 uninsured depositors of Indymac are still at a loss of over $270 million.

Answer:Telephone and Internet account access was restored
Question: What is more uncertain?For a variety of reasons, market participants did not accurately measure the risk inherent with financial innovation such as MBS and CDOs or understand its impact on the overall stability of the financial system. For example, the pricing model for CDOs clearly did not reflect the level of risk they introduced into the system. Banks estimated that $450bn of CDO were sold between "late 2005 to the middle of 2007"; among the $102bn of those that had been liquidated, JPMorgan estimated that the average recovery rate for "high quality" CDOs was approximately 32 cents on the dollar, while the recovery rate for mezzanine CDO was approximately five cents for every dollar.

Answer:mezzanine CDO
Question: What has the less preferable recovery rate?For a variety of reasons, market participants did not accurately measure the risk inherent with financial innovation such as MBS and CDOs or understand its impact on the overall stability of the financial system. For example, the pricing model for CDOs clearly did not reflect the level of risk they introduced into the system. Banks estimated that $450bn of CDO were sold between "late 2005 to the middle of 2007"; among the $102bn of those that had been liquidated, JPMorgan estimated that the average recovery rate for "high quality" CDOs was approximately 32 cents on the dollar, while the recovery rate for mezzanine CDO was approximately five cents for every dollar.

Answer:mezzanine CDO
Question: What was deceptive?For a variety of reasons, market participants did not accurately measure the risk inherent with financial innovation such as MBS and CDOs or understand its impact on the overall stability of the financial system. For example, the pricing model for CDOs clearly did not reflect the level of risk they introduced into the system. Banks estimated that $450bn of CDO were sold between "late 2005 to the middle of 2007"; among the $102bn of those that had been liquidated, JPMorgan estimated that the average recovery rate for "high quality" CDOs was approximately 32 cents on the dollar, while the recovery rate for mezzanine CDO was approximately five cents for every dollar.

Answer:the pricing model for CDOs
Question: What is more resilient?For a variety of reasons, market participants did not accurately measure the risk inherent with financial innovation such as MBS and CDOs or understand its impact on the overall stability of the financial system. For example, the pricing model for CDOs clearly did not reflect the level of risk they introduced into the system. Banks estimated that $450bn of CDO were sold between "late 2005 to the middle of 2007"; among the $102bn of those that had been liquidated, JPMorgan estimated that the average recovery rate for "high quality" CDOs was approximately 32 cents on the dollar, while the recovery rate for mezzanine CDO was approximately five cents for every dollar.

Answer:high quality" CDOs
Question: What has a preferable recovery rate?For a variety of reasons, market participants did not accurately measure the risk inherent with financial innovation such as MBS and CDOs or understand its impact on the overall stability of the financial system. For example, the pricing model for CDOs clearly did not reflect the level of risk they introduced into the system. Banks estimated that $450bn of CDO were sold between "late 2005 to the middle of 2007"; among the $102bn of those that had been liquidated, JPMorgan estimated that the average recovery rate for "high quality" CDOs was approximately 32 cents on the dollar, while the recovery rate for mezzanine CDO was approximately five cents for every dollar.

Answer:"high quality" CDOs
Question: What caused vulnerability?For a variety of reasons, market participants did not accurately measure the risk inherent with financial innovation such as MBS and CDOs or understand its impact on the overall stability of the financial system. For example, the pricing model for CDOs clearly did not reflect the level of risk they introduced into the system. Banks estimated that $450bn of CDO were sold between "late 2005 to the middle of 2007"; among the $102bn of those that had been liquidated, JPMorgan estimated that the average recovery rate for "high quality" CDOs was approximately 32 cents on the dollar, while the recovery rate for mezzanine CDO was approximately five cents for every dollar.

Answer:MBS and CDOs
Question: What has a recovery rate that lags?For a variety of reasons, market participants did not accurately measure the risk inherent with financial innovation such as MBS and CDOs or understand its impact on the overall stability of the financial system. For example, the pricing model for CDOs clearly did not reflect the level of risk they introduced into the system. Banks estimated that $450bn of CDO were sold between "late 2005 to the middle of 2007"; among the $102bn of those that had been liquidated, JPMorgan estimated that the average recovery rate for "high quality" CDOs was approximately 32 cents on the dollar, while the recovery rate for mezzanine CDO was approximately five cents for every dollar.

Answer:mezzanine CDO
Question: Where were the organizations who worked to put people into houses and who were affected by this situation shut out from securing pecuniary support?Initially the companies affected were those directly involved in home construction and mortgage lending such as Northern Rock and Countrywide Financial, as they could no longer obtain financing through the credit markets. Over 100 mortgage lenders went bankrupt during 2007 and 2008. Concerns that investment bank Bear Stearns would collapse in March 2008 resulted in its fire-sale to JP Morgan Chase. The financial institution crisis hit its peak in September and October 2008. Several major institutions either failed, were acquired under duress, or were subject to government takeover. These included Lehman Brothers, Merrill Lynch, Fannie Mae, Freddie Mac, Washington Mutual, Wachovia, Citigroup, and AIG. On Oct. 6, 2008, three weeks after Lehman Brothers filed the largest bankruptcy in U.S. history, Lehman's former CEO found himself before Representative Henry A. Waxman, the California Democrat who chaired the House Committee on Oversight and Government Reform. Fuld said he was a victim of the collapse, blaming a "crisis of confidence" in the markets for dooming his firm.

Answer:the credit markets
Question: What was the reason Citigroup was affected by the collapse?Initially the companies affected were those directly involved in home construction and mortgage lending such as Northern Rock and Countrywide Financial, as they could no longer obtain financing through the credit markets. Over 100 mortgage lenders went bankrupt during 2007 and 2008. Concerns that investment bank Bear Stearns would collapse in March 2008 resulted in its fire-sale to JP Morgan Chase. The financial institution crisis hit its peak in September and October 2008. Several major institutions either failed, were acquired under duress, or were subject to government takeover. These included Lehman Brothers, Merrill Lynch, Fannie Mae, Freddie Mac, Washington Mutual, Wachovia, Citigroup, and AIG. On Oct. 6, 2008, three weeks after Lehman Brothers filed the largest bankruptcy in U.S. history, Lehman's former CEO found himself before Representative Henry A. Waxman, the California Democrat who chaired the House Committee on Oversight and Government Reform. Fuld said he was a victim of the collapse, blaming a "crisis of confidence" in the markets for dooming his firm.

Answer:involved in home construction and mortgage lending
Question: What suggests firms were sold at lower prices than their worth?Initially the companies affected were those directly involved in home construction and mortgage lending such as Northern Rock and Countrywide Financial, as they could no longer obtain financing through the credit markets. Over 100 mortgage lenders went bankrupt during 2007 and 2008. Concerns that investment bank Bear Stearns would collapse in March 2008 resulted in its fire-sale to JP Morgan Chase. The financial institution crisis hit its peak in September and October 2008. Several major institutions either failed, were acquired under duress, or were subject to government takeover. These included Lehman Brothers, Merrill Lynch, Fannie Mae, Freddie Mac, Washington Mutual, Wachovia, Citigroup, and AIG. On Oct. 6, 2008, three weeks after Lehman Brothers filed the largest bankruptcy in U.S. history, Lehman's former CEO found himself before Representative Henry A. Waxman, the California Democrat who chaired the House Committee on Oversight and Government Reform. Fuld said he was a victim of the collapse, blaming a "crisis of confidence" in the markets for dooming his firm.

Answer:fire-sale