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To: patron_anejo_por_favor who wrote (178371)	7/9/2002 12:40:07 PM
From: yard_man	Read Replies (1) \| Respond to of 436258

This ramp brought to you buy your tax dollars or your buddy's retirement funds -- take ur pick <ng>

To: patron_anejo_por_favor who wrote (178371)	7/9/2002 12:46:21 PM
From: reaper	Read Replies (2) \| Respond to of 436258

<<did they get overlevered on WCOM debt? >> no, not really. sort of like Buffett and Level 3, it was big absolute $ but small relative to what they manage. maybe they're in the CDO market (which i would doubt, since those guys are good credit analysts and you can't do credit analysis on blind pools) so the WCOM fall-out is hurting them there. Bill Gross has gotten a little full of himself recently (while his monthly notes are still the most informative thing i read, all the little personal anecdotes are a little much). Everybody gets their turn in the barrel (even Buffett did for a couple of years there); maybe it's his turn. After all, pride commeth before the fall. (something i should remind MYself of occassionally) Cheers

To: patron_anejo_por_favor who wrote (178371)	7/9/2002 1:48:10 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 436258

They can't lever if they're a mutual fund. Even closed end funds can only lever a little bit. And they can't get in trouble because it's not their money they are investing. They can have bad performance, which they've had.