It’s hard to tell anything about any public figure because the items surrounding them and the perception of the media today have become so convoluted. That said, there are certain things you can learn by reading between the lines, and if you do this process on Kyle Bass, you’re liable to find a cornucopia of intrigue that will color your opinion of him. This post will address some aspects of Bass’ career in chronological order, as told by UsefulStooges.
Bass used to work for Bear-Stearns. Shortly after his relationship with them dissolved, he gave a journalist information about their inner-workings and relationship with Goldman-Sachs. Whether the information actually indicated a breakdown in confidences is very debatable. What isn’t debatable is the effect the information had on the public, and that Kyle Bass was responsible, ultimately, for this financial assassination. His information prompted a leading question from the interviewer to a chief executive of Bear-Stearns. This question intimated that Goldman-Sachs had lost confidence in Bear-Stearns. Such was not the case; at that very hour Goldman-Sachs was sending an e-mail to Bear-Stearns which validated the previously stalled, or rejected, transaction. (To be clear, this was all over a novation; so it certainly wasn’t anything groundbreaking from any angle.)It was too late, though. The damage was done, Wall Street lost all confidence in Bear-Stearns, Bear-Stearns collapsed, and J.P. Morgan Chase absorbed them shortly thereafter.
Kyle Bass publicly predicted America’s sub-prime lending crisis would lead to an economic collapse, and was proven correct by the end of 2008–but was he partially responsible for initiating it through his back-handed treatment of Bear-Stearns?
Bass currently runs a hedge-fund out of Dallas, Texas. But Bass himself is from Argentina, and he has very close ties to socialist despot Cristina Fernandez de Kirchner. Why is a socialist centered in one of America’s most conservative states?
Even more suspicious than Bass’ poorly-performing hedge fund, however, is his “human interests” organization CAD, the Coalition for Affordable Drugs. This is clearly a front organization Bass uses to leverage stock-drops he can short-sell. CAD makes a big-ticket company lower their prices, thus stock value plummets for that particular pharmaceutical. Bass makes a boatload in the process, and the only victims are the sick who may have been cured by advancements now-impossible for a pharmaceutical company without resources to finish their programs.
The thing about a snake in the grass is, you don’t see it until it bites you.