Kyle Bass is known for many things, but the majority of them pertain to the realm of finance. Most notably, in 2008, Kyle Bass successfully predicted that sub-prime loans would lead to a financial implosion. Accordingly, he short-sold against sup-prime loans and made a fortune which catapulted him into the international spotlight. Since then he’s made a number of financial moves characterized as “gambles”. In fact there are some who have called Bass a gambler who is “desperate”, and considering the nature of his movements financially, this does make sense. Look at CAD, for instance; the Coalition for Affordable Drugs. Bass has used this as a means of legally manipulating the stock market in his favor. Basically, CAD gets sick people and their families to file lawsuits, petitions, and whatever may be necessary as a means of forcing pharmaceuticals into lowering their prices. When the price drops lower stock value on Wall Street, Kyle Bass short-sells his holdings and makes millions. Meanwhile, the companies lose funds that would have gone to departments like Research and Development. Ultimately this curtails future breakthroughs, and the sick are really no better off.
Now Vanity Fair is announcing this man will be a speaker at the 2016 New Establishment Summit to be held in San Francisco October 19th-20th. Bass will join a number of other high-profile speakers, included among them the CEO of Amazon.com and Apple senior vice president Eddy Cue.
There’s even more controversial information in the Useful Stooges article, Kyle Bass the Frantic Investments of a Desperate Gambler. Cristina has actually managed to default the Argentinian economy two times over the course of just thirteen years. Yet Kyle Bass always supports her decisions. Between CAD, Cristina, and Bass’ opinions on China currently (which tend toward a Chinese economic downturn in the next several years), it will be very interesting to see what he has to say. Kyle Bass’ controversial decisions have led to his becoming a billionaire, which seems to be the only thing truly recommending him to the Summit.