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Because Burry et al helped collapse it sooner and softer, and their profits came from the banks’ losses.

• helen___keller 5y ago
  > Because Burry et al helped collapse it sooner and softer Could you not make the same argument for Soros? > their profits came from the banks’ losses. Where do you think that money came from? When mortgages go bad, the banks foreclose the property and sell it. When the banks go bad, the government props them up (in 2008) by buying their toxic assets The sale of those toxic assets let banks cover their bad positions, including those with Burry Burrys profit came from foreclosures and the American government (in the narrative sense that Soros’ money came from the people of England) Which again begs the question of why Soros is the villain and not also Burry
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