Jared Vennett with Deutschebank gets wind of what Burry is doing and, as an investor believes he too can cash in on Burry's beliefs. The banks believe that Burry is a crackpot and therefore are confident in that they will win the deal. Autonomy within the company allows Burry to do largely as he pleases, so Burry proceeds to bet against the housing market with the banks, who are more than happy to accept his proposal for something that has never happened in American history. He believes that the US housing market is built on a bubble that will burst within the next few years. Michael Burry, an eccentric ex-physician turned one-eyed Scion Capital hedge fund manager, has traded traditional office attire for shorts, bare feet and a Supercuts haircut. Three separate but parallel stories of the U.S mortgage housing crisis of 2005 are told.
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