SVB comment from 2008 crisis prophet

Michael Burry, Founder of Scion Asset Management, who foresaw the housing bubble that led to the 2008 financial crisis in the US, stated that the SVB crisis could be resolved quickly, and commented, "I don't see any real danger here." Burry, who foresaw the housing crisis in 2008, commented on the Silicon Valley Bank crisis that stirred up the markets. Burry used the following tweet on the subject: "The crisis can be resolved very quickly. I don't see any real danger here." The day before, Burry had stated on his Twitter account that investors' "arrogance and greed caused them to take stupid risks and fail," and commented, "Then policymakers 'print money' to fix the situation." Burry, who has previously warned the markets and the economy, had recently stated that inflation in the US would rise again, and advised investors to 'sell' before the February meeting.