JohnLennon, on 02 January 2012 - 09:51 PM, said:
The guy does seem to have invested all in on some sort of global meltdown. It just makes it look a bit like reverse ramping though. I don't disagree with what he is saying but why would this 'senior Obama admin' tell Kyle Bass anything?
he reminds me of a UFO enthusiast who happens to bump into a lot of Aliens
He has indeed.
Kyle Bass has very very good form and has done the home work to know where the bodies are burried...
He was bond saleman at bear sterns till 2005 when he left to found his own hedge fund (Hayman capital - $10m his dosh $500m others money) and bet the lot on US sub prime going down and made a 100% profit. He would have made lots more if the banks hadn't been bailed out. When the governments started bailing the banks he started betting on the PIIGS to default along with bets on the US going down to a certain extent. He has bet big on France and Japan to have their credit ratings hammered too.