Pimco's Gross gest killed in Lehman Brothers Bonds

[Daal]

paradigm shift here. how can the financials now roll over some $200b in debt when it was tough already when the market thought they were treasuries?now that they are junk risk premiums go through the roof
the fed might regreat this one..

http://www.bloomberg.com/apps/news?pid=20601087&sid=atys50sprMvE&refer=home

 

[Pa(b)st Prime]

Gross does get stuffed every now and then. He was also caught with a boatload of WorldCom bonds several years back.

 

[Joab]

Never liked the guy - always thought he was a dork.

 

[PohPoh]

He's a billionaire homo - and I only call him that because I am jealous...