Investor Michael Burry said in a tweet late Monday that he expects the crisis surrounding the collapse of California’s Silicon Valley Bank to be resolved “very quickly” one day after comparing SVB’s collapse to the financial crisis of 2008 and the dot-com bubble of 2001.
“I’m not seeing true danger here,” Burry said in a tweet that has since been deleted. The manager of Scion Asset Management, who rose to fame after his bets against U.S. mortgage bonds in 2008 were profiled in the book and film “The Big Short,” is known for…
Source: https://www.marketwatch.com/story/im-not-seeing-true-danger-here-michael-burry-says-u-s-banking-crisis-to-be-resolved-very-quickly-7b5ebec0?siteid=yhoof2&yptr=yahoo