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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: MulhollandDrive who wrote (101193)1/22/2008 7:59:23 AM
From: ChanceIsRead Replies (1) of 306849
 
Pimco: One hears a lot of wailing and gnashing of teeth out of Pimco these last few months. "Gotta have the rate cut if we want to avoid Armageddon." I think that maybe PIMCO has its own share of subprime, and wants the value of its regular debt to rise on the lowered rates. That way when the regulators catch up and make them mark down their subprime it will be offset by gains elsewhere.
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