Michael Burry, the investor best known for predicting the 2008 financial crisis, revealed on Monday that he holds a sizable position in what he labels the “Toxic Twins” — Fannie Mae and Freddie Mac  – common stock,  which he believes could deliver significant gains if the government moves forward with a potential initial public offering (IPO). 

“I personally own both Fannie Mae and Freddie Mac common stock in good size,” Burry wrote in his Substack newsletter, Cassandra Unchained. “I appreciate that both stocks trade in the pink sheets, unavailable to many institutional investors and, unlike details ⇒

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