Michael Burry Timeline & Summary

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• Michael Burry is the first to buy credit default swaps on mortgage bonds.
• Burry's investors get angry because these swaps cost them money over the next several years.
• Many investors try to withdraw their funds, but Burry refuses to let them have their dough.
• When the bonds collapse, Burry makes a buttload of money for his investors.
• Burry closes Scion Capital.