Kyle Bass just became very rich!
Almost half a billion of that goes to Bass:
Almost half a billion of that goes to Bass:
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Kyle Bass just became very rich!
- Thread starter Millard
- Start date
How much money did Kyle Bass make??
Kyle Bass Likely Made Nearly $10 Billion on Greek CDS Trigger (Update) | ValueWalk
:tiphat Dr. Scally
Kyle Bass Likely Made Nearly $10 Billion on Greek CDS Trigger (Update) | ValueWalk
:tiphat Dr. Scally
I've been following this for a while.
What, exactly, do they mean by 'payout'?
The financial world related to sovereign debt is slicker than snot on a doorknob.
Maybe 'payout' really means 'partial payout'?
What, exactly, do they mean by 'payout'?
The financial world related to sovereign debt is slicker than snot on a doorknob.
Maybe 'payout' really means 'partial payout'?
I think its all or none payout. The question is whether a "credit event" occurred to trigger the payout. The definitions of an actionable credit event are murky for sure with Greek sovereign debt. But ISDA says 'yes'. Can it be challenged? I don't know.
With Europe basically flat-ass broke it's hard to believe they will ever pay anyone anything, especially if its a number followed by 9 zeros.
Here's a good interview with Kyle and just might be the source of that 1,000 to 700,000 ratio mentioned in the article. I have yet to see any official estimate of how much money he made and I dont think there ever will be one. If he was starting to sell his position that tells me even he began to doubt there would ever be a payday.
When you bet that someone/thing will go tits-up and you win, where is the payoff money supposed to come from??
Above Average Odds Investing ? Blog Archive ? Kyle Bass on BBC Hardtalk (Full Interview)
Here's a good interview with Kyle and just might be the source of that 1,000 to 700,000 ratio mentioned in the article. I have yet to see any official estimate of how much money he made and I dont think there ever will be one. If he was starting to sell his position that tells me even he began to doubt there would ever be a payday.
When you bet that someone/thing will go tits-up and you win, where is the payoff money supposed to come from??
Above Average Odds Investing ? Blog Archive ? Kyle Bass on BBC Hardtalk (Full Interview)
Last edited:
An update
http://www.reuters.com/article/2012/03/16/markets-cds-auction-idUSL5E8EF7MZ20120316
http://www.reuters.com/article/2012/03/16/markets-cds-auction-idUSL5E8EF7MZ20120316
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