whether it was bobby steinberg that ran risk imagine the or jimmy cain who ran the firm, they took onisks. gary: didn't you make a presentation to the executive committee of bear stearns prestwait 2008 on what they were holding? kyle bass: i walked them through the entire presentation. gary: this is a story -- i you a talked to kyle about this. for whatever reason this has not been out there in the public. tell the viewers what happened at that meeting. kyle bass: all my friends were at bear stearns. i had many, many friends there. my current broker paneling account is at bear stearns. i care very much about those people. the last thing wanted was for them to go down. so in november of 2006 i went in and met with a risk management committee. and we had a room full of bear stearns execs. jimmy and ace weren't in the room. but for 90 minutes i went through how i thought this was going to go. at that time i'm a small fund manager in texas. gary: what happened at the end of that meeting? kyle bass: bobby steinberg put his harm around me and said that's a compelling presentation and guide

whether it was bobby steinberg that ran risk imagine the or jimmy cain who ran the firm, they took on risks. gary: didn't you make a presentation to the executive committee of bear stearns prestwait 2008 on what they were holding? kyle bass: i walked them through the entire presentation. gary: this is a story -- i you a talked to kyle about this. for whatever reason this has not been out there in the public. tell the viewers what happened at that meeting. kyle bass: all my friends were at bear stearns. i had many, many friends there. my current broker paneling account is at bear stearns. i care very much about those people. the last thing wanted was for them to go down. so in november of 2006 i went in and met with a risk management committee. and we had a room full of bear stearns execs. jimmy and ace weren't in the room. but for 90 minutes i went through how i thought this was going to go. at that time i'm a small fund manager in texas. gary: what happened at the end of that meeting? kyle bass: bobby steinberg put his harm around me and said that's a compelling presentation and guid

jimmy: oh, you did. >> yeah. we did an upbeat that perhaps some of you gentlemen will appreciate, an upbeat cover of an eric clapton song that we lovingly called in the '80s "ska-cainefaster in our vers >> jimmy: that's a weird thing. is the band still together or have you broken y ohio. no, i dropped out of that college and -- i dropped out of that college and moved to new york city because i liked the music a lot better when i wasn't playing it, so i wanted to go to new york in the early '80s. >> jimmy: did you move to new york to become an actor? was that the plan? >> no, i wanted to go where bands like the talking heads and the specials and -- kids, look it up. some '80s bands were playing. and i liked it so much i just lived there and i worked as a guard at the guggenheim museum and was a little bit homeless. and like that. >> jimmy: you were homeless? for real? >> i was for quite a bit. i kind of managed to stay on people's couches. and then i found this incredibly kind guy at nyu whose roommate had just flunked out and he said you can stay here. and he even i think helped me find someone wholesale helse wh flunked out and grabbed their meal card. so i w an ny