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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (41077)10/11/2008 12:03:56 AM
From: Webster Groves  Read Replies (2) | Respond to of 217828
 
Up or down ?

wg



To: TobagoJack who wrote (41077)10/11/2008 1:43:14 AM
From: Elroy Jetson1 Recommendation  Respond to of 217828
 
Bill Gross's firm PIMCO is far poorer after paying off their losing bets on Lehman Bros defualts today.

I can well understand why he thinks the "Federal Reserve must now act as a clearing house, guaranteeing that institutional transactions clear."

If they don't, far fewer parties will risk transactions with his possibly insolvent firm PIMCO.
.


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