Michael Burry has highlighted new academic research warning that the rapid growth of private credit held inside private equity-owned life insurers could, in some failure scenarios, leave taxpayers indirectly bearing part of the losses through state insurance guaranty systems.
Posting to X over the weekend, the investor best known for predicting the 2008 US housing market collapse urged followers to read the paper, writing, 'This is important information of which all should be aware.'
