Powder Blue Report

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Friday, September 05, 2008

Bill Gross Just Yelled "Fire" In A Crowded Theatre

Folks you know this credit crisis is getting real serious when Pimco's Bill Gross aka "the bond king" is calling for the Treasury to bail his ass out of his toxic investments in Fannie, Freddie, & Ginny Mae bonds. The unmitigated gall of this guy to ask the taxpayers for a bailout is breathtaking. What's even sadder is that Hank Paulson will probably do exactly that.


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