<b>Making a killing</b><br><br>This is better story about Kyle Bass. Also exp...

Terrence Miao - 2011-11-21 17:08:05+1100 - Updated: 2011-11-21 17:08:05+1100

Making a killing

This is better story about Kyle Bass. Also explain inside Greece government and country, how can they accumulate such a big high debt.

Kyle Bass bought 20 million nickels, the American five-cent coins.

"The metal in a nickel is worth 6.8 cents," he said. "Did you know that?"

http://www.theaustralian.com.au/news/features/making-a-killing/story-e6frg8h6-1226176176402

James Gemmell - 2011-11-21 17:29:30+1100

Thanks but that link is ppv. Know of any freebie versions? It looks like the Kyle Bass "noise" is being generated by Michael Lewis while promoting his new book, Boomerang.

Bryan Murphy - 2011-11-22 11:14:42+1100

The info about the Greeks is mindblowing in their short sighted wastefulness. Hard to have any sympathy for them as they pay the price. Public sector worker paid 3 times as much as private sector. Railways earn revenue of $137M - wages bill $550M and other costs $400M. Widespread Tax avoidance. They have also sold off future earnings for many things. Finally, the financial dramas playing out is "atonement for the sins of the past." It's very very hard to see them staying in the EU.

James Gemmell - 2011-11-23 09:40:10+1100

That's a really good article. "I just like nickels." :-D

Kyle has shorted Switzerland?? WTF? PIIGS I understand but the land of gold, chocolate and cuckoo clocks?

Terrence Miao - 2011-11-23 09:44:52+1100

Me too. Swiss should be one of the most conservative and well disciplined and may I say "cunning" investors. Maybe it's just a typo, Kyle Mass really means Swaziland, not Switzerland :-)