J. Kyle Bass is the founder of Hayman Capital Management, LP, a hedge fund located in Dallas, Texas. He was born on 9/7/69 in Florida. Some years later he graduated from a university in Fort Worth with degrees in Business Administration in Finance and Real Estate Finance in 1992. Bass later went on to becoming a member of The Board of Directors at the University of Texas. He was a well-educated businessman with good connections; however his poor choices and actions caused his popularity to decline.
Bass worked initially at Prudential Securities. From there he moved to a position at Bear Sterns in Texas; it was at this time that Kyle Bass took a position as Senior Managing Director at 28 years of age. He was then employed at Legg Mason, as Managing Director. He left Legg Mason to go on to develop Hayman Capital, thus making money and gaining international recognition and standing.
Bass stated that there would be a subprime mortgage crisis in 2008 and there was. This gave him a good reputation in the business world, but his good fortune was about to end. He made some bad choices which included some television appearances, during which he defended General Motors, an investment of his, regarding two defects in their vehicles. He blamed the car buyers for malfunctioning airbags and faulty power steering, saying they were drunk and other claims.
Another bad choice ZeroHedge identifies is that Bass made was his defense and support of Christina Fernandez de Kirschner, Argentina’s leader, who was well known for her lack of economic knowledge and for her greed; this was also known to be true of the people who worked with her. In so doing he ruined his business reputation. During all this, Bass tried to present himself as a humanitarian, however, later, when confronted, he admitted he was doing these things for the money.
Bass went on to make another mistake; he predicted and profited from the subprime mortgage rate. He bought credit default swaps on subprime securities from banks, which is similar to shorting the bonds. This was bad enough but there’s more. Bass entered into a deal with Erich Spangenberg in order to profit from big pharma companies. He sold their stocks and other shady business, which brought harm to the people who were buying the medications.
Bass could’ve gone far legitimately. He had an extensive education and work history, as well as being a member on several boards. However, his bad choices have severely tarnished his business reputation as someone who could be trusted. Now he’s known as the businessman who is in it only for the money. There’s more on http://usefulstooges.com/2015/08/24/kyle-bass-the-frantic-investments-of-a-desperate-gambler/