Pimco's Gross's Fund Guaranteed $760 Million of AIG Debt Through Swaps

[Daal]

man did they bet big on too big to fail. he sold a put that he knew how to read the mind of the government we will see if he is right
http://www.bloomberg.com/apps/news?pid=20601087&sid=awvyuzIyvVz4&refer=home

 

[makloda]

That's what like 0.6% of his fund's AUM?

 

[Daal]

yeah but hes got tons of those. all the ones that are not as big as leh are now junk