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![Finance_Nerd_ Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1489614788363956227.png) Finance Nerd [@Finance_Nerd_](/creator/twitter/Finance_Nerd_) on x 191K followers
Created: 2025-07-27 00:27:17 UTC

Burry convinced banks to sell him CDS contracts on subprime MBS.

These contracts acted like insurance: if the securities defaulted, Burry would collect massive payouts.

![](https://pbs.twimg.com/media/Gw0soLUWUAABIiH.png)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1949265297900552632/c:line.svg)

**Related Topics**
[insurance](/topic/insurance)
[finance](/topic/finance)

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