Michael J. Burry: I Saw the Crisis Coming. Why Didn’t the Fed?
By December 2005, subprime mortgages that had been issued just six months earlier were already showing atypically high delinquency rates. (It’s worth noting that even though most of these mortgages had a low two-year teaser rate, the borrowers still had … Continue reading Michael J. Burry: I Saw the Crisis Coming. Why Didn’t the Fed?
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