Tuesday, March 13, 2012

Kyle Bass: If We Were Really Capitalists, We'd Have Bankruptcy

Kyle Bass Explains Texas Taking Physical Delivery of Gold | Video | TheBlaze.com: "In the conference room of Hayman Capital Partners’ offices in Dallas hangs a painting of a zero dollar bill, featuring Lenin’s face and the legend “United Socialist States of America”, notes The Economist. Bass isn’t afraid to flaunt his political views (his car sticker reads “God bless our troops, especially our snipers”), but the painting highlights his investment philosophy too. By propping up the banks, he argues, Big Government has merely succeeded in prolonging the crisis. “If we really had a capitalist model, we’d have bankruptcy.”"
Yup.