News Link • Economy - International

If a Japanese sovereign debt default was predicted before, what will happen now? (Video)

03-15-2011 • The Political Commentator

Back in February of this year, Kyle Bass of Hayman Capital Management predicted that a default by Japan on its sovereign debt was inevitable! In the face of a national catastrophe, what might happen now? While the crisis in Japan is still unfolding and the final outcome unknown, as I write this article new explosions had been reported at Fukushima Unit #2. There were reports of a possible breach of the containment vessel, of radioactive material being released into the atmosphere, of radioactive material being detected even further away from the nuclear complex and of additional plant personnel being evacuated to safety...