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Burry Sees 'Terrible Consequences' From Student Loan Forgiveness
Investor who predicted the 2008 housing crash attributes the college debt crisis to “terrible major choices.”
Michael Burry works in his office.
Photographer: Tony AvelarThis article is for subscribers only.
Michael Burry is predicting “terrible consequences” if student loans are forgiven.
As the Supreme Court considers arguments on President Joe Biden’s plan for debt forgiveness, Burry tweeted that the problem is built “on a foundation of terrible major choices.” He said a bailout would compound the problem and lead to tuition hikes.