Kyle Bass: Half of Fund Invested in Sub-prime Debt [VIDEO]

Kyle Bass, chief managing partner and principal of Hayman Capital Management LP, talks about his firm’s investment strategy, U.S. fiscal policy and Europe’s debt crisis. He speaks with Stephanie Ruhle on Bloomberg. Kyle Bass believes that Pelosi wants to go over the cliff. Kyle Bass also says that half his fund is invested in sub-prime bonds, and it should do well even if housing does well. The video is embedded below”