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

"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."
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