There’s a hedge fund manager in Texas named Kyle Bass. The man is from Argentina and has close ties to socialist despot Cristina Fernandez de Kirchner, who presides over that country. No one knew his name until he successfully predicted the sub-prime lending crisis that later led to the collapse of the stock market. Bass was instantly elevated to the status of financial celebrity, and everybody started listening in closely.
Since then, however, Bass’ predictions haven’t had the same weight behind them, and his hedge fund seems to perform less satisfactorily every time he makes a high profile media appearance. Besides the fund itself being riddled with controversy, Bass seems to take this poor performance in stride and continues keeping multiple “irons in the fire”, as the saying goes. One of the hottest of those irons is CAD.
CAD, which stands for the Coalition for Affordable Drugs, is a snake in the grass if ever there were one. Using the sentiment and ignorance of those sick or dying, CAD gets petitions signed, facilitates lawsuits and whatever else is necessary to make big ticket pharmaceutical companies drop the price on drugs they sell. In some cases a price reduction as high as ninety percent has resulted. That’s a substantial loss for the pharmaceutical company in question. Such losses end up diminishing the value of their stock, in fact, and who is there to short sell his holdings and make millions but Kyle Bass?
What has happened here is that UsefulStooges say that Kyle Bass has used special interest group CAD to manipulate the stock market in his favor. He’s done it legally, furthermore, and these actions have had such an impact they’ve given US congress a bipartisan attitude against him.
So far, Bass operates a shady hedge fund, manipulates the infirm in order to bleed millions from high-profile organizations, and has close ties to a despotic socialist from another country. In fact, Bass’ ties with Kirchner are so close he won’t even criticize obviously poor decisions from her end. The best example of this would be Argentina’s recent financial history. Kirchner’s responsible for Argentina defaulting twice in the last thirteen years. That’s not just bad economic decisions; that’s historically bad economic decisions. Yet Bass, who’s fortune comes from predicting poor economic outcomes, advocates de Kirchner. Many have speculated he’s her lackey, and that piece of the puzzle puts the rest in perspective.
What does this mean to the reader? It means be very careful when listening to Kyle Bass, because he’s probably got a trick up his sleeve.