This former subprime player is now shorting mortgage market because of climate and Covid risks
Dave Burt is a financial analyst who looks at risk in real estate derivatives markets. That's what he was doing back in 2005, analyzing vast pools of subprime mortgage bonds that Wall Street was creating and trading. He examined the homes and borrowers who owned them. Burt now says he can do the same thing when it comes to climate risk.
Mon, Nov 23 202010:55 AM EST