So one of the most recent wires on the infamous Kyle Bass, (yes, the same Kyle Bass of some renown status for being the founder of Hayman Capital Management), sounds just like more of the same. Surprising, right? The once right prognosticator is now foreseeing a collapse of quite substantial nature for the Banking System of China.
In his words, “…a loss cycle,” was the phrasing. The potential impact (oh yes he was this specific, impressive) could threaten something near forty percent in essential losses for considering investors. Lest we not forget the source.
This is the same Kyle Bass who has fallen from the golden throne of investing into the abyss of questionable, unethical and poor methods, practices and decisions. Since the meteorological rise to stardom due his 2008 subprime mortgage prediction, the rest of his career to this point is trending like stars, they burn out quickly.
The most recent of these continual incidents that further the downward spiral was the Patent Trial and Appeal Board denial. Without much hesitation they declared without actually speaking the very words, that his practices were unethical. So is there a collapse for the banking industry coming in China? Well there is always a chance of that happening anywhere, right? Perhaps if one cries wolf often enough long enough, by sheer happenstance they’d have to be right at least once. Right?
Where his career and his reputation go from this point is uncertain. Does anyone really want to cheer for the collapse of any one person. Yet it isn’t right to support activity that is considerably more than questionable. Maybe the hope is that with a new method of practices coincides a restored career and future for a once rising star.