Must Read -- Kyle Bass: Testimony before the FCIC (fcic.gov) Bass is a hedgefunder that made big profits betting against subprime. His testimony has many fascinating facts and figures. [The pie charts on page 9 look familiar.]
from Rolfe Winkler:
I missed it earlier this week, but Kyle Bass of Hayman Capital put out his most recent letter to investors. The pdf (courtesy of Zero Hedge) is here. Bass made $500 million betting against subprime in 2007, so his opinions are worth careful consideration.