Kyle Bass is a hedge fund manager who predicted the economic crisis of 2008 when it severely impacted the US economy. Kyle believes the economy of Asia will atrophy due to overextended credit. He believes there is 40 – 50% chance of it occurring in the next year. He was embroiled in controversy in 2006 as he played a role in the collapse of Bear Stearns. Bass leverage the firm’s balance sheet against bad mortgages and bears Stearns suffered irreparable damage to their reputation which led to the company’s demise. JP Morgan acquired the Bear Sterns after it went defunct. He claims that Bear Stears as a company put themselves out of business.
Kyle Bass founded his Dallas, Texas-based hedge fund Hayman Capital in 2006. He was considered a star in the financial world for quite some time. At this point, however, critics claim he has made bad call after bad call. He has made alliances that raise many eyebrows. His association with Argentina’s Cristina Fernandez de Kirchner has severely impacted his reputation negatively.Christina Fernandez de Kirchner is notorious for taking advantage of the Argentinian people. Kyle Bass continues to champion her tactics on economic policy. Because of this Association and others, many have claimed that he is desperate and is incompetent. Many claim he changes facts and figures to ultimately serve his bottom line.a New York Judge Thomas Griese ruled that a reduced amount of money couldn’t settle Kirchner’s debt to their creditors. It was ruled that the whole amount had to be paid.Bass has also defended GM Motor Company though they knew that there defective power steering mechanisms in their vehicles were causing deaths. GM claimed that the victims were either not wearing their seatbelt or had been drunk. Chris Kyle’s Widow Taya Kyle is also suing one of Bass’s subordinates at Hayman who she claims is unethical. Wikipedia has further info.