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.
It may not be the real thing, but it surely works exactly like the original KickAss Torrents site.
The websites which we listed in this article are clones of the original site. The banks believe that Burry is a crackpot and therefore are confident in that they will win the deal. While the official KickAss Torrents website was taken down by US authorities a few years ago, new alternative websites that look exactly like the KAT website are now online. 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. A bold investment leads them into the dark underbelly of banking, where everyone and everything is in question.
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