Bass: Half of Firm's Money in Subprime Bonds

Nov. 19 (Bloomberg) -- Hayman Capital Management's Kyle Bass talks about the fiscal cliff, the European debt crisis and investing in subprime bonds. He speaks with Bloomberg Television's Stephanie Ruhle on Bloomberg Television's "Market Makers."
VW Faces Costly Fixes as it Seeks to Cut Spend
17:23 - Volkswagen AG Chief Executive Officer Matthias Mueller said the company will delay or cancel non-essential projects as pressure mounts to slash spending in the wake of the diesel-emissions scandal. Fixing about 11 million rigged diesel vehicles is a costly prospect. The 6.5 billion euros ($7.29 billion) Volkswagen already set aside for repairs won’t be enough to cover fines and potential legal damages as well, Mueller said. The company is exploring options from a simple software upgrade to outright replacing some cars. Fines may reach $7.4 billion in the U.S. alone, according to analysts from Sanford C. Bernstein Ltd.
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