ClaimsMichael Burry

“The total current loan balance as of that date is $429,028,969.00”

Michael Burry, interviewed by FCIC 2025 Scion Funds annual letters compilation (investorkurs.no)

Factual Economics and markets

The total current loan balance of the deal as of the date discussed was $429,028,969.

Unresolvable The public record could not settle it.

Factual: Statements about the present or the past, checked against the record: did they hold up?

What would count as true or false

Judged against the trustee or servicer remittance report (or prospectus supplement) for the specific securitisation deal discussed, at the date referred to. True: the reported total current loan balance at that date is exactly $429,028,969 (allowing at most rounding of cents). Mostly true: the figure matches exactly but for a slightly different reporting date than stated, or it differs by a trivial amount, under 0.1%. Mixed: the figure is within about 1%, suggesting a different report or period. Mostly false: the figure is within about 5% or is the balance of a related deal or group. False: the documented balance differs by more than about 5%.

Set before the research began.

Evidence (2)

  1. E1 Michael Burry's Testimony Before The Financial Crisis Inquiry Commission ValueWalk · 29 March 2011 Own record

    “Current certificate balances as of the date and these are of the date January 4 2007.”
  2. E2 Michael Burry's Testimony Before The Financial Crisis Inquiry Commission ValueWalk · 29 March 2011

    “Current certificate balances as of the date and these are of the date January 4 2007.”

Reasoning

E2 and E4 are the same ValueWalk transcript of Burry's FCIC testimony. They show only that the balances he discussed were as of January 4, 2007, and neither quote contains the $429,028,969 figure. The criteria require a trustee or servicer remittance report or prospectus supplement for the specific deal, and none was provided, so the reported balance cannot be checked.

Cite this claim

Michael Burry, “The total current loan balance of the deal as of the date discussed was $429,028,969.” (said 2025). Verdict: unresolvable. Reliability API, claim c_d2353060fba8, method 0.1.0+c876030c, dataset release v1.1.2. https://epistacklabs.com/claims/c_d2353060fba8

This claim is in dataset release v1.1.2, with the same verdict.

Reply to this claim

For Michael Burry, or someone speaking for them: a correction or counter-evidence. Replies are read before anything is shown; an approved reply shows your name, role, date, statement and link. Your email address is never shown and is deleted 30 days after the decision (privacy).

More factual claims by Michael Burry

  1. Mostly false Factual 3 November 2026
    “The Superinvestors of Graham & Doddsville all lost money 3 years in a row during the mid-1970s.”

    The Superinvestors of Graham & Doddsville all lost money three years in a row during the mid-1970s.

  2. Mostly true Factual 30 October 2026
    “It’s a perfect storm for Build-A-Bear (BBW), a one-of-one retailer now heavily shorted, 25% of the float, almost 9 days to cover.”

    Build-A-Bear (BBW) is heavily shorted, with short interest at 25% of the float and almost 9 days to cover.

  3. Resolved true Factual 30 October 2026
    “Here is the link where I made the case last week that beneath the surface the October 6, 2026 record close in the S&P 500 looks more like the March 2000 top than any other record high since 1980.”

    Burry made the case the prior week that the October 6, 2026 S&P 500 record close looks more like the March 2000 top than any other record high since 1980.

  4. Mostly true Factual 24 October 2026
    “October 6, 2026 stands head to head with March 2000 as the two most narrow, thin, soft new highs”

    Across 982 S&P 500 record closes since 1980, October 6, 2026 and March 2000 are the two most narrow, thin, soft new highs by almost any measure.

  5. Mostly true Factual 11 October 2026
    “Both stocks have retraced essentially all their gains since Trump’s election, and they put in a giant head-and-shoulders-and-elbows top for added emphasis.”

    Fannie Mae and Freddie Mac stocks have retraced essentially all their gains since Trump's election and formed a large head-and-shoulders top.

All of them

Verdicts are made automatically; how verdicts are made.