"Madoff taught us something," says Kyle Bass speaking of Japan at the SALT conference, "You can...

|By:, SA News Editor

"Madoff taught us something," says Kyle Bass speaking of Japan at the SALT conference, "You can make promises for a long time as long as you don't have to keep them." He remains short JGBs (10-years yielding 0.87%) and thinks the trigger for their implosion will be Europe. "Greece will circle the drain and be ungovernable in 90 days."