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To: maxncompany who wrote (84507)9/4/2008 8:47:30 PM
From: John Metcalf4 Recommendations  Read Replies (1) | Respond to of 116555
 
Yes, and Bill Gross seems to be aware he is asking for a bailout of himself and the other rich. His recent newsletter has this: "the tab will be less if paid up front, than if swept under a rug of moral umbrage intent on seeking retribution for any and all of those responsible."

He is asking us to forego "moral umbrage" at people like him who invested in FNM and FRE because he was betting on a Congressional bailout because the result could be even worse without it. Distasteful, but correct. As in the Godfather, Gross is making an offer we can not refuse. Pisses me off when &#*!)@uckers are right.

We can still vote all his paid incumbents out of office. If we do, there may be more moral behavior and less "umbrage" next time.