While it’s questionable whether or not Kyle Bass is undermining the economy of the world, and even debatable, there’s little question that he is deliberately undermining the forces of America’s economy for his own aim. The crux of it is that Bass is doing so in a legal way.
Kyle Bass is a hedge fund manager operating out of Texas–which, in itself, has the earmarks of suspicion surrounding it. Kyle Bass is himself an Argentine, and has close personal ties to a president regularly described as a despot, Cristina Fernandez de Kirchner of Argentina. Why would an ostensibly socialist Argentine base his operations out of Texas, unless that were a means of defraying suspicion? Still, such socialist activity is only surmised, not directly evidenced. However Bass’ actions as regards financial climes definitely have a definitive nature about them. Consider CAD.
CAD stands for the Coalition for Affordable Drugs, a company that uses the sympathy of the infirm and their families to get legislative decisions passed which decimate the profit pharmaceutical companies would otherwise make, forcing a declination in their stock. Bass short sells his holdings with these companies when their stock drops, and makes millions. Meanwhile, the companies are unlikely to experience growth, and more likely to shut down departments like research and development, which would otherwise yield growth. It’s like Bass literally neuters these companies, preventing them from economic procreation.
Bass doesn’t only exploit big-ticket pharmaceuticals, however; there’s evidence he’s used these techniques to exploit the entire stock market. Bass predicted 2008’s economic collapse, and as a result the man has become lauded for his supposed financial acumen. But before the collapse, Bass worked at Bear-Stearns. After his working relationship with Bear-Stearns dissolved, Bass gave inside information to a journalist who conducted an interview which caused financing confidence in Bear-Stearns to plummet. By the end of the week, J.P. Morgan-Chase had bought out Bear-Stearns for a fraction of their value, and the recession dominos began to fall. By the end of the year, all the big banks had fallen. Bass certainly didn’t facilitate sub-prime lending, that was going on independent of him. But he did have at least a direct hand in events which led to 2008’s recession, and that has been one of the most undermining actions America’s economy has seen in decades.
George Gascon is the Police Chief and District Attorney for San Francisco had close ties with the police union to extend that he was unable to deliver justice to the force. George being described as he has shown no apprehension about the affairs of police department diversity. Gascon was reportedly spotted on a night out with other unions colleagues where he made racially disparaging comments. His indifference about the police force raised awareness to former Police Chiefs who took action to accuse him of an allegation of racism and Homophobia within the police force. The Allegation were submitted by former President of Police Officers Association (POA) Mr. Gary Delagnes.
Gary’s allegation was presented to the Panel before the dates set to face the panel, and it was appropriate for him to face the assertions and boredom in his work as Police Chief. Early February 22, 2016, Gascon briefed the Panel that the police union has substantial effects on the functions of the Police Chief or Police Commissioner to make improvements within the police reforms and rather no efforts that can bring better changes.
During a leadership forum organized by Harvard Law School in 2010 when Delagnes was still the President of POA. Mr. Gascon behaved after heavily taking alcohol by giving out his views in front of Union representative Mr. Halloran that ridiculed minorities and evoking the time he spent with Los Angeles Police Department, statement that directly offended his colleagues.
Delagnes saw it unfit for Gascon to assume the seat of Police Chief given the tapestry of behavior that he saw in Gascon when he was the President of POA. He added that Gascon had issues with his colleagues within the police departed and this relationship emanated his disrespecting statements and racism. According to Delagnes, his suspicion prompted him to pour out his worries on a blue-ribbon panel about Mr. Gascon as the Head of the police department.
In all times that Delagnes spent with George Gascon he learned that he was challenged by issues such racial, sexual orientation and genderwhich are contagious issues within the police department and no effort he had seen it Georges that were geared towards improving SFPD.
Learn more about George Gascon:
Welcome to WordPress. This is your first post. Edit or delete it, then start writing!