Bill Gross

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The Borrower Bailout Fallacy: Why PIMCO’s Bill Gross is Flat-Out Wrong

Aug 25, 2007By

A growing chorus of regulators and consumer activists were joined this past week by PIMCO’s Bill Gross in calling for a borrower bailout. It’s sort of like listening to the same song in different keys: some say the Fed has to begin slashing rates, some say the GSE portfolio caps need to be lifted, and still others (like Gross) are proposing a formal government bailout a la the Resolution Trust days of the S&L crisis.

3d rendering of a row of luxury townhouses along a street

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