After leaving Bear Sterns, bass gave out a record of information about the company which causes great harm that could not be repaired. He was the greatest contributor to the reputation destruction for Bear Sterns; this has what triggered the great recession. However, it is evident that certainly Bass had personal interest despite saying that the great recession at Bear Sterns was a result of the stupidity of ignorance of the holders in the firm. The information from Bass is what spread to other networks in the United States leading to the death of Bear Sterns. The firm had to be saved by JP Morgan and held its operations under duress.
Bass thinks that the Asia recession could be at about 40% to 50%. However, he is not trustworthy considering the numerous blow-ups he has contributed to in the mortgages plan and poor performance of the firms. His prediction with the recession is not his first considering the Japan prediction where the country is now suffering from the country’s negative plans about the economy despite him. Bass certainly cannot be trusted because he has been making bad moves after bad moves. His firm Hayman Capital is poorly performing; all his predictions during his regular interviews have been bad call after another. His firm in 2012 mad over 30% loss; probably he should stop advising and look upon himself.
Certainly Kyle Bass has been regarded by a few from his prediction about the subprime mortgage. Probably that was his first and possibly last major gambling opinion he won. Allegedly, Bass has since then been involved not only with poor investments aftermaths but also associates regarded to have unethical behavior. For example the Argentina’s former President Kristina Fernandez. She disregarded the request by the European traders to pay back the country’s creditors which she did not. She was supported by Kyle Bass in that disregard and it led to the banning of Argentina in the external trade.
Patents and pharmaceutical companies have not been lucky since 2011; this is because Bass also has been having a bad call with the Patent and Trial Board. He has been challenging the quantity and value of dosage from several pharmaceutical companies. Whereas 50% of his pleas have been rejected, he has led to huge losses and decreased sales for many patents and pharmaceuticals. In his world, it’s all about the money possibly with his continuous patent challenges. It seems that he is experiencing some crisis in his life which he never understands that are from his frantic interviews which are always wrong. There’s more information about Kyle Bass on Wikipedia.