Big Short Michael Burry Says 2008 Is Repeating

“It’s Always The Same - 2003, 2008, 2023” - Michael Burry

March 13, 2023 Story - Jai Pratap

In a now deleted tweet, Michael Burry compared the 2023 banking collapse to 2008 and 2003.

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Michael Burry is known for making billions of dollars by shorting the housing mortgage industry in the 2008 financial crisis.

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Big Short legend Michael Burry wrote people full of hubris and greed take stupid risks and fail, then more money is printed.

In 2008, most banks that took huge amounts of risks in bad loans were bailed out by the federal reserve.

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No one was held accountable for the crisis that affected the whole world.

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Michael Burry thinks it will be the same as this as well. More money will be printed and banks will be bailed out again.

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Three major US banks have collapsed, causing a domino effect all over the world.

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