In 2005, the contrarian hedge fund boss Michael Burry bet against the US mortgage market. Incontinent lenders had approved mortgages to people with little or no income, and had even extended the credit, rolling up the interest into the principal balance.
The AI reckoning is coming, it’s just a matter of timing
August 25, 2026
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Robert Johnston
In 2005, the contrarian hedge fund boss Michael Burry bet against the US mortgage market. Incontinent lenders had approved mortgages to people with little or no income, and had even extended the credit, rolling up the interest into the principal balance.
https://www.telegraph.co.uk/business/2026/08/24/ai-reckoning-coming-just-matter-of-timing/
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