This question is finance-related and taken from the 2015 film The Big Short: Michael Burry bought contracts
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This question is finance-related and taken from the 2015 film The Big Short:
Michael Burry bought contracts from banks to bet against the housing markets. Describe the direction of cash flows and risks for both Burry and underwriting banks. Why Burry's main investor was upset about this investment? Draw a timeline and map out cash flow from/to Burry and banks might be helpful to answer the question.
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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