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‘Moral Hazard on Steroids’: The Investor Who Called the Big Short Says Carney’s Condo Bailout Is Worse Than 2008 Subprime Fiasco

VANCOUVER — Marc Cohodes built his name and his fortune betting against frauds, from small public companies to the American subprime-mortgage machine that collapsed in 2008. This week, he returned to The Bureau with a blunt verdict on Prime Minister Mark Carney’s plan to spend up to $3.2 billion absorbing Vancouver’s unsold condominiums: he has seen this movie before, and this version is worse.

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