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PIMCO: Bail-Out Profiteers
Institutional Economics —
PIMCO: Bail-Out Profiteers PIMCO’s Bill Gross, bail-out profiteer : in 2008 Gross shifted from Treasuries and corporate bonds into mortgage debt backed by Fannie and Freddie because he believed that the government would ultimately keep those government-sponsored enterprises (GSEs) afloat. By May, Gross had moved 60% of Total Return into GSE-backed bonds, up from 20% the year before. “In a way, we’ve partnered with the government,“ says El-Erian. “We looked for assets that we felt the government would eventually have to own or support.“ Pimco also made a bet on GMAC, the ...
Fortune: Is PIMCO's Bill Gross Too Powerful?
Fund My Mutual Fund —
Excellent piece in Fortune... outside of all the other troubles with this market; it appears in this new era those that sit with the government to devise strategy on how to "save us" sure seem to know a lot about where to position themselves. No conflict there; not only is this "talking" your book - which money managers do each and every day, but this specific firm is actually in with government "creating the playbook" - to me that's a whole different universe. ...
The Giant GSE Risk Turkey: The Future of Freddie and Fannie
Institutional Economics —
... PIMCO: Bail-Out Profiteers PIMCO’s Bill Gross, bail-out profiteer : in 2008 Gross shifted from Treasuries and corporate bonds into mortgage debt backed by Fannie and Freddie because he believed that the government would ultimately keep those government-sponsored enterprises (GSEs) afloat. By May, Gross had moved 60% of Total Return into GSE-backed bonds, up from 20% the year before. “In a way, we’ve partnered with the government,“ says El-Erian. “We looked for assets that we felt the government would eventually have to own or support.“ Pimco also made a bet on GMAC, the ...
‘They will just dig them up and cart them away’
Institutional Economics —
... PIMCO: Bail-Out Profiteers PIMCO’s Bill Gross, bail-out profiteer : in 2008 Gross shifted from Treasuries and corporate bonds into mortgage debt backed by Fannie and Freddie because he believed that the government would ultimately keep those government-sponsored enterprises (GSEs) afloat. By May, Gross had moved 60% of Total Return into GSE-backed bonds, up from 20% the year before. “In a way, we’ve partnered with the government,“ says El-Erian. “We looked for assets that we felt the government would eventually have to own or support.“ Pimco also made a bet on GMAC, the ...
Colloque Lippmann 71 Years On: Paris 1938 versus New York 2009
Institutional Economics —
... PIMCO: Bail-Out Profiteers PIMCO’s Bill Gross, bail-out profiteer : in 2008 Gross shifted from Treasuries and corporate bonds into mortgage debt backed by Fannie and Freddie because he believed that the government would ultimately keep those government-sponsored enterprises (GSEs) afloat. By May, Gross had moved 60% of Total Return into GSE-backed bonds, up from 20% the year before. “In a way, we’ve partnered with the government,“ says El-Erian. “We looked for assets that we felt the government would eventually have to own or support.“ Pimco also made a bet on GMAC, the ...
Disaster Tourism: New York City 2009
Institutional Economics —
... PIMCO: Bail-Out Profiteers PIMCO’s Bill Gross, bail-out profiteer : in 2008 Gross shifted from Treasuries and corporate bonds into mortgage debt backed by Fannie and Freddie because he believed that the government would ultimately keep those government-sponsored enterprises (GSEs) afloat. By May, Gross had moved 60% of Total Return into GSE-backed bonds, up from 20% the year before. “In a way, we’ve partnered with the government,“ says El-Erian. “We looked for assets that we felt the government would eventually have to own or support.“ Pimco also made a bet on GMAC, the ...
Educating Rudd
Institutional Economics —
... PIMCO: Bail-Out Profiteers PIMCO’s Bill Gross, bail-out profiteer : in 2008 Gross shifted from Treasuries and corporate bonds into mortgage debt backed by Fannie and Freddie because he believed that the government would ultimately keep those government-sponsored enterprises (GSEs) afloat. By May, Gross had moved 60% of Total Return into GSE-backed bonds, up from 20% the year before. “In a way, we’ve partnered with the government,“ says El-Erian. “We looked for assets that we felt the government would eventually have to own or support.“ Pimco also made a bet on GMAC, the ...
Greenspan versus Taylor
Institutional Economics —
... PIMCO: Bail-Out Profiteers PIMCO’s Bill Gross, bail-out profiteer : in 2008 Gross shifted from Treasuries and corporate bonds into mortgage debt backed by Fannie and Freddie because he believed that the government would ultimately keep those government-sponsored enterprises (GSEs) afloat. By May, Gross had moved 60% of Total Return into GSE-backed bonds, up from 20% the year before. “In a way, we’ve partnered with the government,“ says El-Erian. “We looked for assets that we felt the government would eventually have to own or support.“ Pimco also made a bet on GMAC, the ...
Arbitraging Congress
Institutional Economics —
... PIMCO: Bail-Out Profiteers PIMCO’s Bill Gross, bail-out profiteer : in 2008 Gross shifted from Treasuries and corporate bonds into mortgage debt backed by Fannie and Freddie because he believed that the government would ultimately keep those government-sponsored enterprises (GSEs) afloat. By May, Gross had moved 60% of Total Return into GSE-backed bonds, up from 20% the year before. “In a way, we’ve partnered with the government,“ says El-Erian. “We looked for assets that we felt the government would eventually have to own or support.“ Pimco also made a bet on GMAC, the ...
All Praise Lu Kewen Thought!
Institutional Economics —
... PIMCO: Bail-Out Profiteers PIMCO’s Bill Gross, bail-out profiteer : in 2008 Gross shifted from Treasuries and corporate bonds into mortgage debt backed by Fannie and Freddie because he believed that the government would ultimately keep those government-sponsored enterprises (GSEs) afloat. By May, Gross had moved 60% of Total Return into GSE-backed bonds, up from 20% the year before. “In a way, we’ve partnered with the government,“ says El-Erian. “We looked for assets that we felt the government would eventually have to own or support.“ Pimco also made a bet on GMAC, the ...
Bubble Poppers: Monetary Policy and the Myth of ‘Bubbles’ in Asset Prices
Institutional Economics —
... PIMCO: Bail-Out Profiteers PIMCO’s Bill Gross, bail-out profiteer : in 2008 Gross shifted from Treasuries and corporate bonds into mortgage debt backed by Fannie and Freddie because he believed that the government would ultimately keep those government-sponsored enterprises (GSEs) afloat. By May, Gross had moved 60% of Total Return into GSE-backed bonds, up from 20% the year before. “In a way, we’ve partnered with the government,“ says El-Erian. “We looked for assets that we felt the government would eventually have to own or support.“ Pimco also made a bet on GMAC, the ...
My Secret Life as a Crop-Burning New Dealer
Institutional Economics —
... PIMCO: Bail-Out Profiteers PIMCO’s Bill Gross, bail-out profiteer : in 2008 Gross shifted from Treasuries and corporate bonds into mortgage debt backed by Fannie and Freddie because he believed that the government would ultimately keep those government-sponsored enterprises (GSEs) afloat. By May, Gross had moved 60% of Total Return into GSE-backed bonds, up from 20% the year before. “In a way, we’ve partnered with the government,“ says El-Erian. “We looked for assets that we felt the government would eventually have to own or support.“ Pimco also made a bet on GMAC, the ...
Self-Inflicted Chinese Influence Peddling
Institutional Economics —
... PIMCO: Bail-Out Profiteers PIMCO’s Bill Gross, bail-out profiteer : in 2008 Gross shifted from Treasuries and corporate bonds into mortgage debt backed by Fannie and Freddie because he believed that the government would ultimately keep those government-sponsored enterprises (GSEs) afloat. By May, Gross had moved 60% of Total Return into GSE-backed bonds, up from 20% the year before. “In a way, we’ve partnered with the government,“ says El-Erian. “We looked for assets that we felt the government would eventually have to own or support.“ Pimco also made a bet on GMAC, the ...
Keynes and the G20
Institutional Economics —
... PIMCO: Bail-Out Profiteers PIMCO’s Bill Gross, bail-out profiteer : in 2008 Gross shifted from Treasuries and corporate bonds into mortgage debt backed by Fannie and Freddie because he believed that the government would ultimately keep those government-sponsored enterprises (GSEs) afloat. By May, Gross had moved 60% of Total Return into GSE-backed bonds, up from 20% the year before. “In a way, we’ve partnered with the government,“ says El-Erian. “We looked for assets that we felt the government would eventually have to own or support.“ Pimco also made a bet on GMAC, the ...
Blame it on Rio
Institutional Economics —
... PIMCO: Bail-Out Profiteers PIMCO’s Bill Gross, bail-out profiteer : in 2008 Gross shifted from Treasuries and corporate bonds into mortgage debt backed by Fannie and Freddie because he believed that the government would ultimately keep those government-sponsored enterprises (GSEs) afloat. By May, Gross had moved 60% of Total Return into GSE-backed bonds, up from 20% the year before. “In a way, we’ve partnered with the government,“ says El-Erian. “We looked for assets that we felt the government would eventually have to own or support.“ Pimco also made a bet on GMAC, the ...
Political Identity Survey
Institutional Economics —
... PIMCO: Bail-Out Profiteers PIMCO’s Bill Gross, bail-out profiteer : in 2008 Gross shifted from Treasuries and corporate bonds into mortgage debt backed by Fannie and Freddie because he believed that the government would ultimately keep those government-sponsored enterprises (GSEs) afloat. By May, Gross had moved 60% of Total Return into GSE-backed bonds, up from 20% the year before. “In a way, we’ve partnered with the government,“ says El-Erian. “We looked for assets that we felt the government would eventually have to own or support.“ Pimco also made a bet on GMAC, the ...
Bubble Wrap
Institutional Economics —
... PIMCO: Bail-Out Profiteers PIMCO’s Bill Gross, bail-out profiteer : in 2008 Gross shifted from Treasuries and corporate bonds into mortgage debt backed by Fannie and Freddie because he believed that the government would ultimately keep those government-sponsored enterprises (GSEs) afloat. By May, Gross had moved 60% of Total Return into GSE-backed bonds, up from 20% the year before. “In a way, we’ve partnered with the government,“ says El-Erian. “We looked for assets that we felt the government would eventually have to own or support.“ Pimco also made a bet on GMAC, the ...
Canberra is the Problem, Not Beijing
Institutional Economics —
... PIMCO: Bail-Out Profiteers PIMCO’s Bill Gross, bail-out profiteer : in 2008 Gross shifted from Treasuries and corporate bonds into mortgage debt backed by Fannie and Freddie because he believed that the government would ultimately keep those government-sponsored enterprises (GSEs) afloat. By May, Gross had moved 60% of Total Return into GSE-backed bonds, up from 20% the year before. “In a way, we’ve partnered with the government,“ says El-Erian. “We looked for assets that we felt the government would eventually have to own or support.“ Pimco also made a bet on GMAC, the ...
Should We Use Monetary Policy to Regulate Human Nature?
Institutional Economics —
... PIMCO: Bail-Out Profiteers PIMCO’s Bill Gross, bail-out profiteer : in 2008 Gross shifted from Treasuries and corporate bonds into mortgage debt backed by Fannie and Freddie because he believed that the government would ultimately keep those government-sponsored enterprises (GSEs) afloat. By May, Gross had moved 60% of Total Return into GSE-backed bonds, up from 20% the year before. “In a way, we’ve partnered with the government,“ says El-Erian. “We looked for assets that we felt the government would eventually have to own or support.“ Pimco also made a bet on GMAC, the ...
Explaining Capital Xenophobia: Cranky Old Conservatives?
Institutional Economics —
... PIMCO: Bail-Out Profiteers PIMCO’s Bill Gross, bail-out profiteer : in 2008 Gross shifted from Treasuries and corporate bonds into mortgage debt backed by Fannie and Freddie because he believed that the government would ultimately keep those government-sponsored enterprises (GSEs) afloat. By May, Gross had moved 60% of Total Return into GSE-backed bonds, up from 20% the year before. “In a way, we’ve partnered with the government,“ says El-Erian. “We looked for assets that we felt the government would eventually have to own or support.“ Pimco also made a bet on GMAC, the ...
‘Whatever it Takes’: A Wicked Idea
Institutional Economics —
... PIMCO: Bail-Out Profiteers PIMCO’s Bill Gross, bail-out profiteer : in 2008 Gross shifted from Treasuries and corporate bonds into mortgage debt backed by Fannie and Freddie because he believed that the government would ultimately keep those government-sponsored enterprises (GSEs) afloat. By May, Gross had moved 60% of Total Return into GSE-backed bonds, up from 20% the year before. “In a way, we’ve partnered with the government,“ says El-Erian. “We looked for assets that we felt the government would eventually have to own or support.“ Pimco also made a bet on GMAC, the ...
P J O’Rourke’s John Bonython Lecture in Sydney
Institutional Economics —
... PIMCO: Bail-Out Profiteers PIMCO’s Bill Gross, bail-out profiteer : in 2008 Gross shifted from Treasuries and corporate bonds into mortgage debt backed by Fannie and Freddie because he believed that the government would ultimately keep those government-sponsored enterprises (GSEs) afloat. By May, Gross had moved 60% of Total Return into GSE-backed bonds, up from 20% the year before. “In a way, we’ve partnered with the government,“ says El-Erian. “We looked for assets that we felt the government would eventually have to own or support.“ Pimco also made a bet on GMAC, the ...
A New Era in FDI Protectionism?
Institutional Economics —
... PIMCO: Bail-Out Profiteers PIMCO’s Bill Gross, bail-out profiteer : in 2008 Gross shifted from Treasuries and corporate bonds into mortgage debt backed by Fannie and Freddie because he believed that the government would ultimately keep those government-sponsored enterprises (GSEs) afloat. By May, Gross had moved 60% of Total Return into GSE-backed bonds, up from 20% the year before. “In a way, we’ve partnered with the government,“ says El-Erian. “We looked for assets that we felt the government would eventually have to own or support.“ Pimco also made a bet on GMAC, the ...
Robert Prechter Discovers Rational Expectations
Institutional Economics —
... PIMCO: Bail-Out Profiteers PIMCO’s Bill Gross, bail-out profiteer : in 2008 Gross shifted from Treasuries and corporate bonds into mortgage debt backed by Fannie and Freddie because he believed that the government would ultimately keep those government-sponsored enterprises (GSEs) afloat. By May, Gross had moved 60% of Total Return into GSE-backed bonds, up from 20% the year before. “In a way, we’ve partnered with the government,“ says El-Erian. “We looked for assets that we felt the government would eventually have to own or support.“ Pimco also made a bet on GMAC, the ...
Why the RAAF is Years Ahead of the USAF
Institutional Economics —
... PIMCO: Bail-Out Profiteers PIMCO’s Bill Gross, bail-out profiteer : in 2008 Gross shifted from Treasuries and corporate bonds into mortgage debt backed by Fannie and Freddie because he believed that the government would ultimately keep those government-sponsored enterprises (GSEs) afloat. By May, Gross had moved 60% of Total Return into GSE-backed bonds, up from 20% the year before. “In a way, we’ve partnered with the government,“ says El-Erian. “We looked for assets that we felt the government would eventually have to own or support.“ Pimco also made a bet on GMAC, the ...
Akerlof and Shiller’s Economic Authoritarianism
Institutional Economics —
... PIMCO: Bail-Out Profiteers PIMCO’s Bill Gross, bail-out profiteer : in 2008 Gross shifted from Treasuries and corporate bonds into mortgage debt backed by Fannie and Freddie because he believed that the government would ultimately keep those government-sponsored enterprises (GSEs) afloat. By May, Gross had moved 60% of Total Return into GSE-backed bonds, up from 20% the year before. “In a way, we’ve partnered with the government,“ says El-Erian. “We looked for assets that we felt the government would eventually have to own or support.“ Pimco also made a bet on GMAC, the ...
