Your big mortgage bet concerns us. We have no confidence in your ability to identify...
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Lawrence Fields:
Your big mortgage bet concerns us. We have no confidence in your ability to identify macroeconomic trends.
Michael Burry:
You flew here to tell me that? Why? I mean, anyone can see there's a real estate bubble.
Lawrence Fields:
Actually, no one can see a bubble. That's what makes it a bubble.
Michael Burry:
That's dumb, Lawrence. There are always markers. Mortgage fraud - it's quadrupled since 2000. Average take home pay is flat yet home prices are soaring. That means homes are debts not assets.
Martin Blaine:
[sarcastically]
So Mike Burry of San Jose, a guy who gets his hair cut at SuperCuts, and doesn't wear shoes, knows more than Alan Greenspan and Hank Paulson?
Michael Burry:
Dr. Mike Burry. And yes... he does.
Transcript
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Mortgage fraud has
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quintupled since 2000
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and the average take home pay is flat
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but home prices are soaring
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That means the homes are debt not assets
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So Mike Burry of San Jose a guy who
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gets his hair cut at Supercuts and doesn't wear shoes
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knows more than Alan Greenspan and Hank Paulson
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Well
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Dr Mike Burry yes he does CHUCKLES
Clip duration: 27 seconds
Views: 151
Timestamp in movie: 00h 46m 39s
Uploaded: 23 November, 2022
Genres: comedy, drama
Summary: The men who made millions from a global economic meltdown.
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