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by thisisit
312 days ago
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You can watch the Big Short. Michael Burry started paying out premiums on CDS in 2005. The premiums were huge. He got into a fight with his biggest investors and then had to freeze withdrawals. So, that he could still pay the premiums on the CDS. Did he falsely predict the top? |
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And how many people before him incorrectly predicted the top? For how long?