Pimco is gonna make a killing.

[KINGOFSHORTS]

With the government paying 80-90 cents on the dollar for these assets then selling it to pimco for 15-20 cents on the dollar.

We will effectively nationalize losses even further on taxpayer books and privatize gains.

and in a few years Pimco will unroll positions over time and profit selling at 40-50 cents on the dollar and pocketing the profits.


Talk about a nice scam.

 

[Debaser82]

Wont the dollar be worth less then toiletpaper by then erasing all nominal gains for the likes of Pimco?

 

[KINGOFSHORTS]

Quote from Debaser82:

Wont the dollar be worth less then toiletpaper by then erasing all nominal gains for the likes of Pimco?

No because if the dollar becomes toiletpaper then those assets Pimco holds will become more valuable. We would probably see homes selling at bubble prices again since it will take 3 dollars to do the same 1 dollar does today

Pimco wins even more.

 

[Debaser82]

Quote from KINGOFSHORTS:

No because if the dollar becomes toiletpaper then those assets Pimco holds will become more valuable. We would probably see homes selling at bubble prices again since it will take 3 dollars to do the same 1 dollar does today

Pimco wins even more.

Damnit.

This sucks.

That Bill Gross sure is a crook.

 

[KINGOFSHORTS]

Quote from Debaser82:

Damnit.

This sucks.

That Bill Gross sure is a crook.

I don't think he is a crook. Guy is a savvy dude. Madoff is a crook.

 

[ASusilovic]

Quote from KINGOFSHORTS:

With the government paying 80-90 cents on the dollar for these assets then selling it to pimco for 15-20 cents on the dollar.

We will effectively nationalize losses even further on taxpayer books and privatize gains.

and in a few years Pimco will unroll positions over time and profit selling at 40-50 cents on the dollar and pocketing the profits.


Talk about a nice scam.

BlackRock will raise money from investors such as pension funds and endowments for the new Treasury programs, Fink said. The company might consider creating mutual funds so that individual investors can also participate.

 

[Daal]

Quote from ASusilovic:

BlackRock will raise money from investors such as pension funds and endowments for the new Treasury programs, Fink said. The company might consider creating mutual funds so that individual investors can also participate.

Here it comes the aggregator bank asset ETF. NYSE:BAD
Whos long?