Burry was depicted in The Big Short, the Oscar-winning movie based on Michael Lewis' book of the same name.
On September 29, 2008, the US stock market lost $1.2 trillion in value as the Dow dropped 778 points, nearly 7 percent in one single day.
From mid January 2008 to mid September 2008, Nifty lost 35 percent of value. Lehman Brothers filed for bankruptcy on September 15, 2008, and Nifty lost another 25 percent in the next 3 months to 3,000 level by the year-end, says Aishvarya Dadheech of Ambit Principal Investment.
What lessons have we learnt from that crisis which finished off a prominent financial organisation and wiped off $10 trillion from the markets in a matter of months?
Troubled German banking giant Deutsche Bank today asked for patience after reporting its second annual net loss in a row, saying it was laying the foundations for durable success in the future.
The US Department of JusticeÂ has asked Credit Suisse to pay between USD 5 billion and USD 7 billion to settle a probe over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, a source with knowledge of the matter said, but the bank has resisted settling for that amount.
Contrary to its upbeat marketing of the mortgage bonds, "Morgan Stanley securitized and sold RMBS with underlying mortgage loans that it knew had material defects," the New York attorney general's office said.
"Either we validate the financial asset prices and growth faster, or alternatively we will slip into a global recession with financial disorder," El-Erian said
The US economy now is a more stable, resilient, and stronger economy than before the 2008 financial crisis, Geithner said. Even with the challenges in the US economy, America is a "lucky country," he added.
Dubai`s early story is similar to Malaysia`s current ambitions, CIMB said, noting both had plans to build iconic "tallest" office towers and other commercial projects to lift industry standards and alleviate Grade-A office space shortages.
Recently, Delhi-based Parsvnath unveiled a new scheme called the â€˜The 25:75 House of Happiness‘. Parsvnath‘s scheme is for 16 residential and four commercial projects in several cities including Delhi, Greater Noida, Ghaziabad, Sonepat, Panchkula and Moradabad.
Bonuses for London's financial workers will be almost halved this year, falling to their lowest level in over a decade and nearly 10 billion pounds below a peak in 2007, according to a study.
Spot platinum headed for a seventh consecutive session of gains on Wednesday, after buying interest was triggered last week when its value relative to gold dipped to a discount for the first time since the 2008 financial crisis.
Gold hit a record high on Tuesday in its biggest three-day rally since the depths of the financial crisis in 2008, as investor fears over the threat to the global economy from the European and US debt crises hit assets seen as higher risk.
Documentary director Charles Ferguson knew he had a great global story in the 2008 financial crisis, but he still worried that "Inside Job" could fall into the category of a boring film if not jazzed up properly.
The rising cost of commodities ranging from oil to food is emerging as the main threat to an earnings recovery that has helped push US stocks to their highest levels since the 2008 financial crisis.