4 ms·
The housing bubble was a special case. It was more or less impossible to short until fairly late in the game (i.e. approximately the time when Burry actually di
by yummyfajitas 11y ago
The housing bubble was a special case. It was more or less impossible to short until fairly late in the game (i.e. approximately the time when Burry actually did) - the market for CDS was not very liquid until synthetic CDOs came into the picture.