Category Archives: Shortcomings

Kyle Bass: A Genius or a Monster

Kyle Bass, a hedge fund manager who was born in the USA, was once considered one of the most brilliant and brightest people on the planet. He gained this fame after he successfully predicted the housing bubble crisis of 2008. However, while on the surface it would appear this man is a beacon of light in the economics and financial fields, that is very far from the actual truth. Ever since his five minutes of glory under the spotlight for his lucky prediction, he has found himself under public scrutiny for the numerous amount of unethical activities he participates in. For example, according to the article, Bass has managed to become very close with many powerful people who are often looked upon very negatively. One of these people he has become very close with is Argentina leader Cristina Fernández de Kirchner. While almost everyone in her country and world agree her economic policies have been detrimental to the Argentinian economy, Bass continually stands by her, praising her for her work and policies. While Bass continues to make unfavorable allies, he also is making a mockery of himself.

In recent years since he correctly predicted the 2008 financial crisis, his amount of television appearances has driven dramatically while his hedge fund performance plummets just as rapidly. According to Kyle Bass: The Frantic Investments of a Desperate Gambler it seems that Kyle Bass may have been a blind squirrel who found a nut and is trying to milk his one claim to fame for everything its worth. On top of all the other things that Kyle Bass has participated in, he has also partnered with Erich Spangenberg, a well known patent troll. With this partnership the pair has gone around short selling a companies stock and immediately challenges the company patents through his own front organization. The result is a quick profit for the two as the stock prices drop, halting the companies medical research, which in turn is devastating for the millions of people who depend on those health products. Through a myriad of poor business decisions and shady relationships with corrupt leaders and businessman, Kyle Bass has made a name for himself as a businessman who got lucky once and one who will do everything and anything to retain his wealth and power.