
dr burrys bet is still on the table. Long Beach mortgage? THE company from big short? margin call? yeah. that one. literally, the loans never defaulted. backed the collateralized loan obligations with credit default swaps. cant make this shit up lol. >>credit swaps on merrill lynch trust >>credit swaps on Long Beach mortgage 2004 LOAN trust burry said, mortgages were backed by BAD LOANS, but everyone was gaslit and misdirected to focus on the mortgages. because they would fail. allure of greed was used.. anyway, fun fact: $GME underwriter was UBS WARBURG in 2001, now UBS owns the suisse debt. wonder if any of you know about the counterparties and managers to the burry bet below. or what happened to them.. :) resources: link1>jpm owns these positions x.com/itsalwaysrains… link2 > 0ish repurchases made x.com/itsalwaysrains…













