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Kyle Bass, who made $500 million in 2007 on the U.S. subprime collapse, is betting Europe’s debt crisis won’t be solved by the $1 trillion loan package the International Monetary Fund and European Union agreed on last week.

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Having made over S500 million on the subprime collapse is hardly cordentials to be proud of. All money made there was on the backs and sweat and tears of many poor souls that lost houses, savings and lives as a result of the melt down collapse. Specualting that someone somehow will lose their life savings... thus making it possible to hedge and take advantage of a dismal situation to make money does not seem to be an honorable method from which to profit. Those actions are as bad or worst than those of the banksters that created the rise and fall in the beginning.

I personally think that his methods are without honour or compasion and they are certainly based solely on belief in fiat money and the preceived power of having loads of it. Who wants to hedge bets that Kyle will someday also lose his shirt?