NIE: No Nukes In Iran, PIMCO Talks Financial Crisis
“What we are witnessing,” says Bill Gross of the bond manager Pimco, “is essentially the breakdown of our modern-day banking system, a complex of leveraged lending so hard to understand that Federal Reserve Chairman Ben Bernanke required a face-to-face refresher course from hedge fund managers in mid-August.” (Gross manages the biggest bond fund in the world)
posted by John Liberty at 12:05 PM
10 Comments:
Link? Uncle Bill is such a little smarty pants.
Pics with you and "uncle Bill" or I call Bullshit.
BTW, remember Uncle Bills restaurant? Wasn't that the name?
Yep, Uncle Bills was the name.
http://stlouis.citysearch.com/profile/5763807
The real question is what the name of that place with a windmill is.
I thought the windmill place just was Uncle Bill's. Uncle Bill and Grandpa Mischeaux: any relation? (Besides an obese clientele.)
Bevo Mill, homeboys. Uncle Bill's pancakes, Grandpa Mischeax does not recognize his nephew at this time.
I will never forget how my father, after being away from St. Louis for thirty years, said to me as the windmill approached from the distance, "son, that's the Bevo Mill up ahead."
i ate at that windmill place. its fantastic. its called bevo.
http://money.cnn.com/2007/11/27/news/newsmakers/gross_banking.fortune/index.htm?ref=patrick.net
gross article
all his commentary every month, which is very insightful is at pimco's website
atrios has the best coverage of this, calling it big shitpile
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