BOSTON ( TheStreet) -- Most of us would look at the finance firm PHH (PHH - Get Report) and see a risky mess with years of double-digit stock losses, but not hedge fund whiz Kyle Bass, who initiated a big stake recently.Bass is known for correctly betting on the housing market's collapse four years ago by shorting U.S. subprime debt that underwrote mortgage securities and his outspoken criticism of several nation's managing of their debt problems.
Subprime Winner Bass Again Wagers on Housing
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