SVB Collapse: “Big Short” Burry Accuses Regulators of Rewarding “Greed”

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The Street

By Luc Olinga U.S. regulators unveiled an emergency plan on Sunday, to avoid contagion from the collapse of Silicon Valley Bank. He is not happy and did not hesitate to let it be known. Legendary investor Michael Burry was among the few dissenting voices to the emergency plan, unveiled on Mar. 12 by the Treasury Department, the Federal Reserve and the the Federal Deposit Insurance Corporation (FDIC), to avoid contagion from the collapse of Silicon Valley Bank and to calm global markets. Shortly before the opening of financial markets in Asia and Europe, the three regulators announced extraordi…

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