- Big Short investor Michael Burry believes there is ‘no true danger’ of a full-scale financial crisis
- His assessment came as Sheila Bair, the former chair of the regulator which took control over SVB, urged calm and said most banks are ‘probably just fine’
- Bair added: ‘I don’t see any pervasive problems in our banking system. I do think regulators need to be careful how they communicate’
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‘Big Short’ Investor Who Foresaw 2008 Crash Says ‘No True Danger’
A pedestrian passes a Silicon Valley Bank branch in San Francisco, Monday, March 13, 2023. As the primary regulator of the bank, the Federal Reserve is coming under sharp criticism from financial watchdogs and banking experts. (AP Photo/Jeff Chiu)
