Kyle Bass Says Japan Can’t Be Fixed (Again)

The founder of Hayman Capital Management Kyle Bass gave a presentation at the Chicago Booth Initiative on Global Markets last week. He focused on Japan, a subject he's been following, and investing around, for over a year. According to the hedge fund manager, Japan can't be fixed and current efforts to reform the economy will not work.

Toward the end of the interview, Bass discusses the similarities between what's going on with Japan right now and what was going on in the sub prime mortgage market back in 2007, on the...