![]() Jared Vennett understands Burry’s analysis and decides to make use of it himself. He anticipates that the US housing market will collapse in the second quarter of 2007.Īctually, it holds on to 2008, and that leaves Burry facing angry investors and lawsuits. Even though his bet is for over $1B, banks accept it. Michael Burry creates a credit default swap market so that he can place a bet that the housing market will collapse. All three stories follow the events leading up to the financial crash of 2008 and show how three opportunists made money from it. The Big Short is really three stories in one.
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