If the name Kyle Bass sounds familiar its because he’s the man credited with correctly predicting the subprime mortgage crisis that took place in 2008. For a while, many looked at him as a genius who could do no wrong. They literally coveted his every word when it came to market analysis.
But that quickly changed as people started to realize Bass was just another scum bag looking to make a quick buck anyway he could. He would get on TV and share is so called analysis for the sole purpose of increasing his bottom line. His fund performance continued to go down as his TV appearances went up.
In addition to making some very questionable calls, Kyle Bass has also been known to have quite a few ethical lapses in recent years. Let’s start with his relationship with Argentinian despot Cristina Fernández de Kirchner.
Bass on the other hand can’t stop singing her praises. In 2014 her country defaulted on their sovereign debt yet again. This was the second time it happened in the last thirteen years. And while most would consider this an indefensible action, Bass defended it and even tried to rationalize it.
For whatever reasons he is constantly championing her even though her economic policies are irresponsible and often times unethical.
But it gets even worse. The way Bass handled the general motors situation is beyond disgusting. When several people were killed in car accidents due to non-deploying airbags and faulty power steering, Bass had the nerves to get on TV and blame everything on the victims.
He even went as far as to say they were drunk and didn’t put their seatbelts on. So now the question is why would Bass do such a thing.
So instead of being an honest man and calling out General Motors for knowingly letting people drive cars that were not properly equipped to handle an accident, he put blame on the victims.
The sad part is this is just a few of the many questionable things Kyle Bass has done in recent years. We haven’t even mentioned the big scam he had with pharmaceutical firms. That one scam has led to thousands dying because they were unable to get the medication they needed.
Its safe to say Kyle Bass is a very troubled man who doesn’t seem to care about anyone or anything but his money. http://usefulstooges.com/2015/08/24/kyle-bass-the-frantic-investments-of-a-desperate-gambler/ has the full story.