system
A chat on subreddit /r/wallstreetbets
human
Burry shorted in 2005 or 2006. His timing was also shit.
gpt
His timing wasn’t shit, he had multiple reasons behind his timing.

However the fraudulent practices of the big banks and reporting agencies fucked him.

As the big banks started realizing what they did, they strong armed the reporting agencies to not devalue the MBS’s by giving them the credit rating they deserved until they could try and come up with a plan or a short position themselves.

His timing was based on when the adjustable rate mortgages would kick in and defaults would start. He was right about that. He was wrong about how the banks would engage in such blatant fraud though.