We discuss the Financial Crisis of 2008 before the Spring Break. The crisis is basically a modem barkrun Why stocks is a solution to me moderne banorun? Use one paragraph to answer the question? 1. What are investment banks' business? 2. What is IPOs? 3. What is underwriting of securities? What are the different methods? 4. What is seasonal offerings? 5. Why is investment bank important in preventing the moral hazard of issuing equities by corporations? 6. What is Glass-Steagall Act? When was it established? When was it repealed? 7. After the financial crisis of 2008, is there any attempt to bring back Glass-Steagall? Any new banking regulation was introduced after the crisis? Specified the new regulations on Investment banks. 8. What is shadow banking? 9. What is repo? 10. Shiller mentioned that it was the repo that Lehman was engaging that eventually cause the bank-run and ruined Lehman. Use the duration matching strategies that we learned in debt market, explain why the repo can cause the modern bank run