who created this monster?

Discussion in 'Wall St. News' started by itcanbedone, Mar 23, 2008.

  1. http://www.nytimes.com/2008/03/23/b...824454ed41d66cdf&ex=1206417600&pagewanted=all

    LIKE Noah building his ark as thunderheads gathered, Bill Gross has spent the last two years anticipating the flood that swamped Bear Stearns about 10 days ago. As manager of the world’s biggest bond fund and custodian of nearly a trillion dollars in assets, Mr. Gross amassed a cash hoard of $50 billion in case trading partners suddenly demanded payment from his firm, Pimco.