Michael Burry quote

In early 2005, I really studied the prospectuses of these mortgage pools that were tranched out into different-rated slices rated by agencies like S&P and Moody's. They had names like Park Place and People's Choice. It was clear to me that many of the buyers of these repackaged subprime mortgages were doing little analysis.
Michael Burry
Michael Burry
Born: Jun 19, 1971

Topics

Me, Moody, People, Analysis, Out, Rated, Park, Had, Studied, Clear, Mortgage, Mortgages, Like, Names, Doing, Were, Place, Little, Pools, Agencies, Really, Choice, Many, Early, Buyers

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