"Hedge funder Kyle Bass is on CNBC right now talking Europe: And he's negative.
He expects a Greek default, and doesn't think an orderly default is plausible.
Actually, he agrees with Geithner that there won't be a Lehman because he thinks that Greece's counterparties will be defended and stay capitalized.
But it will be messy, and a lot of people will lose a lot of money..."
at http://www.businessinsider.com/kyle-bass-greece-will-default-and-it-wont-be-orderly-2011-9?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29#ixzz1Xx0E7LUo
He expects a Greek default, and doesn't think an orderly default is plausible.
Actually, he agrees with Geithner that there won't be a Lehman because he thinks that Greece's counterparties will be defended and stay capitalized.
But it will be messy, and a lot of people will lose a lot of money..."
at http://www.businessinsider.com/kyle-bass-greece-will-default-and-it-wont-be-orderly-2011-9?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29#ixzz1Xx0E7LUo
