Sentences with phrase «bet against subprime»
In 2006, it lost 18 % of its value, largely as a result of Burryâ $ ™ s bet against the subprime mortgage market.
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Eisman, whose bet against the subprime lending market prior to the housing collapse was depicted in the 2015 movie, said the slowdown in lending to small businesses also is not related to Dodd - Frank.
He shot to fame for his lucrative bet against subprime housing ahead of the global financial crisis in 2008.
Bass is the founder and managing partner of Hayman Capital Management, where he gained a reputation for betting against subprime mortgages during the financial crisis.
John Paulson rose to legend - status when he earned a reported $ 4 billion betting against subprime mortgages during the financial crisis.
Perry was also one of a few on Wall Street to start betting against subprime mortgages as early as 2006.
Paulson is a billionaire New York hedge fund manager who made out handily betting against subprime mortgages in 2007 and has predicted Puerto Rico will become «the Singapore of the Caribbean.»
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He devises a way to bet against the housing market, to buy subprime mortgages to sell short.
Paulson became world - famous in 2007 by shorting the US housing market, as he foresaw the subprime mortgage crisis and bet against mortgage backed securities by investing in credit default swaps.
After steadily outperforming in the field of risk arbitrage, Paulson predicted the subprime debacle and successfully bet against it using credit default swaps.