The Pimco bailout plan

Discussion in 'Wall St. News' started by r2d2, Feb 4, 2009.

  1. r2d2


    "So we the taxpayers are going to eat a ton of bank losses that should instead be borne first by stockholders and bondholders. This program should be labeled the Pimco bailout plan, since the giant bond fund holds a lot of bank debt. That shows what a fiction Obama's populism is. It's mere posturing and empty phrases. Look at where the dough goes, and it is going first and foremost to the big money end of town."
  2. Size does matter. :)
  3. Daal