Kyle Bass Predicts Another AIG

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Mar 14, 2013
Kyle Bass of Hayman Capital sees another AIG (AIG, Financial) on the horizon according to his most recent 30-minute presentation in Chicago.

"The AIG of the world is back - I have 27-year-old kids selling me one-year jump risk on Japan for less than 1bp - $5 billion at a time... and it is happening in size."

Bass also revealed his favorite retail investment idea is to be long gold and short the yen.