Kyle Bass seemed trustworthy, until UsefulStooges exposed him; especially in the current political climate. But there are many things about Bass which demonstrate his trustworthiness is anything but established. Despite his successful prediction of America’s 2008 financial crisis, Bass’ subsequent predictions don’t hold any water, and his hedge fund continuously under-performs peers of the same variety. If a poor hedge fund were the end of Bass’ questionable tactics, that would be one thing. They’re just the beginning, however.
Starting off, it makes sense to question Bass’ relationship to Cristina Fernandez de Kirchner. De Kirchner is responsible for pushing her country into default economically two times over the last thirteen years. That kind of leadership brooks criticism as a matter of course. It’s the same kind of thing on level with a child seeing daddy come home inebriated and mistreat mommy. Only a brain-washed, sold out or evil child would defend the parent who abuses other leading members of the household. Expand that to an economic relationship, and suddenly Bass becomes a sort of Mark Twain Sid in the global financial narrative. Bass continuously sucks up to Cristina Fernandez de Kirchner despite her lack of economic acumen, though given his hedge fund’s poor performance, it is conceivable the man is just a rube.
What overturns the rube theory, however, is CAD. CAD stands for the Coalition for Affordable drugs. In a nutshell this organization is a loophole to manipulate the stock market legally such that Bass makes millions on the back-end. It’s a successful loophole, too; congress has waxed bipartisan in their efforts to shut Bass down.
CAD works like this: Bass uses human/special interest groups and ignorant socialites with pull to get petitions signed and lawsuits successfully filed against big-ticket pharmaceuticals. The petitions and lawsuits are concerned with lowering the cost of these pharmaceuticals’ drugs. Often they are successful, even decimating the price on certain medications. As a result, the stock value of these organizations drops significantly, and Bass short-sells his holdings. In the end, he walks away with millions, and the pharmaceuticals have to rescind millions in research and development, as well as otherwise extricable costs. R&D comes up with new medicines, drugs, and miracle cures for the infirm. It’s very likely Bass’ actions via CAD have resulted in those dying who otherwise would have lived because of a breakthrough.
In the end, the facts indicate Bass has ulterior motives, and is beholden to the socialistic ideals of de Kirchner.