Kyle Bass: Greece Will Default, And It Won't Be Orderly

Kyle Bass

Hedge funder Kyle Bass is on CNBC right now talking Europe: And he’s negative.

He expects a Greek default, and doesn’t think an orderly default is plausible.

Actually, he agrees with Geithner that there won’t be a Lehman because he thinks that Greece’s counterparties will be defended and stay capitalised.

But it will be messy, and a lot of people will lose a lot of money.

So yeah, all glum and bad news. The only positive thing he said is that when it’s all over, we’ll still be alive to start all over.

REMINDER: Here’s who gets crushed if Greece defaults >

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.