In your interest.
Online Personal Finance Magazine
No beating about the bush.
One of the few people who made tonnes of money during the recent crash was a hedge fund manager called Kyle Bass, managing partner of Hayman Advisors. Way back in August 2006 he put together a fund that would bet on the housing market meltdown.
Within six months, Bass was proved right. Home loans started turning bad, especially those made to people with a poor credit record. With that, prices...