Michael Burry Timeline & Summary
MoreMichael Burry Timeline & Summary
- Michael Burry is the first to buy credit default swaps on mortgage bonds.
- Burry's investors get angry because these swaps cost them money over the next several years.
- Many investors try to withdraw their funds, but Burry refuses to let them have their dough.
- When the bonds collapse, Burry makes a buttload of money for his investors.
- Burry closes Scion Capital.