It’s not just that his last name could be confused with a fish; Bass’ fishiness goes much deeper. The man is from Argentina, a country run by Cristina Fernandez de Kirchner, a socialist despot that has defaulted her own homeland twice in thirteen years. Bass supports everything she does politically or financially, even though her leadership is so terrible there are going to be multiple choice tests about it for children of the future in history class. Yet Bass supports her. Would one expect someone supporting such a terrible socialist regime to live in Texas? No–not unless that individual were in some way using Texas as a front, or a cover. This seems to be the case with Bass, who runs his hedge fund out of Dallas. Bass also runs CAD, the Coalition for Affordable Drugs. CAD uses political pressure from a special-interest group to force big-ticket pharmaceuticals into devaluing the cost of their medications, thus decimating their profits and stock value. Bass short-sells his holdings with whichever pharmaceutical organization he’s attacked the moment their stock drops and makes millions in the process. Who is ultimately hurt by this? The sick and the infirm who were just months away from a breakthrough cure, and now will have to wait another decade while the pharmaceutical who could have produced it gets their legs under them again. The whole thing was exposed in detail in Kyle Bass: The Frantic Investments of a Desperate Gambler.
Kyle Bass doesn’t care, though. He hit the ground running in 2008. He became famous for predicting the sub-prime lending crisis would lead to financial collapse, but there’s a very high likelihood he was one of the reasons the collapse happened the way it did. Kyle Bass’ former employer was Bear-Stearns. After he was no longer working with Bear-Stearns, he let a journalist at CSPAN know information about friction between Bear-Stearns and Goldman-Sachs, prompting that journalist to ask a leading question on the air intimating that Goldman-Sachs had lost their confidence in Bear-Stearns. This wasn’t the case, but the report was live and everyone on Wall Street acts quickly, or they don’t act. Bear-Stearns collapsed by the end of the week and was absorbed by Goldman-Sachs.
All these things are incredibly suspicious–in a word, they’re fishy–and seem to indicate Bass has ulterior motives informing his financial decisions.