In this special episode, we sat down with Kyle Bass, founder and principal of Hayman Capital Management, and John Mac Ghlionn, journalist and researcher. They touch on President Joe Biden and Chinese leader Xi Jinping’s summit, the U.S.–China Economic and Security Review Commission, and what it means going forward. When asked about actionable steps following the commission review, Bass said, “If we actually did one thing as a government, my preference would be to start harmonizing the lists between the Commerce Department’s Bureau of Industry and Security, the Treasury Department’s OFAC list, and the Pentagon’s DOD procurement list. … Here’s a great example. Today there are 257 companies on the BIS Entity List at Commerce. There are only seven entities on Treasury’s list that overlap. So there are 250 entities that are still ‘investable’ by U.S. individuals and institutions that the Commerce Department has flagged as a risk to U.S. national …
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