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subprime Archive

  • To see an almost similar repeat of the Savings and Loan crisis some 20 years ago represents nothing but greed based on stupidity and ignorance of subprime lenders.

    The SubPrime Debacle

    To see an almost similar repeat of the Savings and Loan crisis some 20 years ago represents nothing but greed based on stupidity and ignorance of subprime lenders.

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  • Michael Burry always saw the world differently—due, he believed, to the childhood loss of one eye. So when the 32-year-old investor spotted the huge bubble in the subprime-mortgage bond market, in 2004, then created a way to bet against it, he wasn’t surprised that no one understood what he was doing.

    Betting on the Blind Side

    Michael Burry always saw the world differently—due, he believed, to the childhood loss of one eye. So when the 32-year-old investor spotted the huge bubble in the subprime-mortgage bond market, in 2004, then created a way to bet against it, he wasn’t surprised that no one understood what he was doing.

    Continue Reading...