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Michael Burry, the “Big Short” investor who became famous for correctly predicting the epic collapse of the housing market in 2008, has bet more than $1.6 billion on a Wall Street crash. Burry is making his bearish bets against the S&P 500 and Nasdaq 100, according to Security Exchange Commission filings released Monday. Burry’s fund, Scion Asset Management, bought $866 million in put options (that’s the right to sell an asset at a particular price) against a fund that tracks the S&P 500 and $739 million in put options against a fund that tracks the Nasdaq 100. Burry is using...

Michael Burry's Twitter habit led to a visit from federal regulators. "The Big Short" investor has blasted Tesla, bitcoin, Robinhood, and meme-stock buyers. Burry indicated that he's not planning to tweet anymore. Michael Burry's incendiary tweets have piqued the interest of federal regulators, the investor revealed this week. "Tweeting and getting in the news lately apparently has caused the SEC to pay us a visit," the Scion Asset Management boss said in a now-deleted tweet. "Lovely," he continued, adding the hashtag "#nomoretweets." He also linked to the song "Lovely" by Suicidal Tendencies, a hardcore punk band, and changed the header...

Tesla's momentum and back-to-back record highs have divided some of the world's most famous investors. Billionaire venture capitalist Chamath Palihapitiya praised the stock's gains in a Thursday appearance on CNBC, telling investors the stock could be worth three times its already lofty valuation. "Don't sell a share," he added. Hedge fund manager Michael Burry - whose bet against the housing market was depicted in the novel and 2015 film "The Big Short" - aired his contrasting opinion Thursday night. The investor tweeted that, like his famous 2008 gambit, his short position in Tesla stands to print huge gains. "Well, my...

A former manager of one of George Soros' investment funds has been accused of human trafficking, violent rape and assault in an extraordinary $27million lawsuit filed by three Florida models. Howard 'Howie' Rubin, 62, is accused of sexually assaulting three women, two of whom are former Playboy bunnies, at an $8million penthouse in Manhattan in 2016 which contains a secret 'dungeon' of sex toys, masks and BDSM 'apparatus'. The women claim Rubin and his associates lured them to New York on JetBlue flights after contacting them on Instagram. Once in Manhattan, they say he drugged them then violently beat them...

<p>A portfolio manager for an investment fund founded by financier George Soros sexually abused women at a Manhattan penthouse dungeon, according to a $27 million Brooklyn federal court suit. Howie Rubin, 62, whose high stakes dealing was featured in the best-selling books “Liar’s Poker” and “The Big Short,” rented the lavish Metropolitan Tower pad in Midtown to indulge in brutal sex with women whom he paid between $2000 and $5000 per session, according to the suit filed Thursday.</p>

Posted 2008 Who shall separate us from the love of Christ? shall tribulation, or distress, or persecution, or famine, or nakedness, or peril, or sword? Nay, in all these things we are more than conquerors through him that loved us. Romans 8:35,37 KJV All the outrage over Bernie Madeoff is pretty surprising. Sure he bilked people out of everything they had, putting them in financial disaster and bankruptcy? So he lied to people over decades taking everything they saved in a fraudulent investment Ponzi scheme bankrupting Pension/Charity and College funds. So he was lying to investigators about those cooked books...

The Big Short: As The Big Short is short on reality, Big Government is short on accountability If it moves, tax it. If it keeps moving, regulate it. If it stops moving, subsidize it.—Ronald Reagan Enter Dodd Frank: legislation named after Democrats’ Christopher Dodd and Barney Frank, which enacted 2,300 pages of banking regulations. What could have possibly gone wrong with 2,300 pages of new government regulations on banks? This:

Despite his proclamation that he "saved the world from a Great Depression," the fact is that Obama will be the first President ever to not see a single year of 3% GDP growth - but only cynical fiction-peddlers would mention facts at a time like this. In yet more legacy-defending narrative, Obama told The NYTimes today that his biggest failure was being unable to sell his success in putting the American economy back on track to the American people (no matter the actual realities) careful to blame Republicans for slowing growth "by a percentage point or two." And then in...

How the Financial Meltdown Happened Al Kresta's "Finance Fridays" Audio-Podcast, Book & Movie Reviews. Ten interviews with business professor Dr. Max Torres, "tracing the spiritual, moral, economic & political undergirdings of the September 2008 financial meltdown". (This web page is necessary for hosting the interviews because the Ave Maria Radio podcast-archive system is very difficult to navigate.)Donate to Ave Maria Radio The Interviewer Al Kresta† The Expert GuestMax Torres‡ The interviews are now queued to start at the beginning of each podcast. No. Interview Date ShowTitle Author/DirectorBook Link/Movie Site BookMovie 1 9/10/2010 Architects of RuinHow big government liberals wrecked...

If The Big Short, Adam McKay’s adaptation of Michael Lewis’s book about the 2008 financial crisis and the subject of last month’s Vulture cover story, got you all worked up over the holidays, you’re probably wondering what Michael Burry, the economic soothsayer portrayed by Christian Bale who’s always just a few steps ahead of everyone else, is up to these days. In an email, which readers of the book will recognize as his preferred method of communication, the real-life head of Scion Asset Management answered some of our panicked questions about the state of the financial system, his ominous-sounding water...

We just saw The Big Short. It was an interesting and entertaining movie. The language was pretty coarse, but I've no doubt that's the way those high rollers converse. It was s serious subject, but there were many humorous exchanges. Most of the bad guys were hit pretty hard blame wise (banks, lenders, rating agencies), but there was no mention of the role of government policy over many years (Community Reinvestment Act and Fannie Mae/Freddie Mac) in leading to the subprime mortgage crisis. Surprisingly, Bush wasn't blamed! I did take issue with the observation at the end that minorities and...