‘Big Short’ Michael Burry Warns of Another Major Bank Collapse

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The Street

By Luc Olinga The legendary investor says Silicon Valley Bank is Enron, and Worldcom should follow. Enron and Worldcom collapsed within months of each other in 2001 and 2022, rocking global markets. Global markets have been holding their breath since Silicon Valley Bank was shut down on Mar. 10 by regulators. Investors wonder if there will be a contagion. Are there any other banks that will follow? At the same time, behind the scenes, regulators scramble to prevent many startups and small businesses that were SVB customers from running out of the cash they need to pay their employees and suppl…

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