Saturday, June 23, 2012
A Revealing Episode
Micahael Burry predicted the 2008 financial crisis and made about 100 million dollars for himself and around 700 million dollars for his clients by shorting the market . He wrote an Op-Ed in the New York Times titled 'I Saw the Crisis Coming. Why Didn't the Fed?'. What happened to him as a result of writing this Op-Ed? See what happened starting from minute 14:00 to 15:40. This should tell you something.
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I'll check it out. The comments make it sound real good.
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