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U.S. Treasury Opens Distressed-Debt Program Without Pimco
U.S. Treasury Opens Distressed-Debt Program Without Pimco
July 9 (Bloomberg) -- The U.S. plan to help buy as much as $40 billion in assets from banks got started almost four months after it was proposed and without Pacific Investment Management Co., the world’s biggest bond manager and an early supporter. The U.S. Treasury Department picked nine money ...
PIMCO PPIP-ed at the 'win-win-win' post
capital-chronicle.com — In March a small "Pros vs Cons" of the US Public Private Investment Plan (PPIP), more accurately... known by its vernacular "toxic asset plan" title, appeared here . A quote from PIMCO's Bill Gross was cited: “This is perhaps the first win/win/win ... (more) PIMCO PPIP-ed at the 'win-win-win' post
Bill Gross Finally Tells The Truth: The Economy Will Remain Weak For A Generation (CNBC Clip & July PIMCO Investment Letter)
Bill Gross Finally Tells The Truth: The Economy Will Remain Weak For A Generation (CNBC Clip & ...
dailybail.com — Say hello to the new normal: 1-2% growth for the next 2 decades, and that's once we... finally hit bottom.  Gross' July PIMCO Investment Letter comes with my highest recommendation, unless of course you prefer to bury your head in the sand and listen to Christina Romer . (more) Bill Gross Finally Tells The Truth: The Economy Will ...
Further reading
ftalphaville.ft.com — Elsewhere on Friday, - The mystery of Pimco and the PPIP. - "There comes a time in... every Federal Reserve chairman's life when he must beg to be reappointed to his job." - Why AIG equity may be worthless. - BMWs for China's bureaucrats, Geely for ... (more) Further reading
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Links 7/9/09
naked capitalism — As you can see, the want of my own posts tonight is not due to a failure to look for material! Dolphin 'superpod' spotted off Wales BBC Monkeys show language recognition Science News Examiner Prince Charles: next generation faces 'living hell' unless climate change tackled Telegraph White House Ponders Bernanke's Future Wall Street Journal. Looking at the alternatives, we are probably better off with the devil we know. Summers? Dear God. Roger Ferguson? I know him from McKinsey, and let's put it this way: everyone to a person was stunned when he got his earlier Fed appointment. But then he went to ...

The Day The PPIP Died....
The Market Ticker — So this morning we get the list of PPIP "managers", and guess who's missing? The U.S. Treasury Department picked nine money managers yesterday for the Public-Private Investment Program, or PPIP, including BlackRock Inc. and Invesco Ltd. Pimco, which in March announced plans to apply, said it withdrew its ...

Pimco Punts On The PPIP
Daily Markets — Pimco Punts On The PPIP By Larry Doyle on July 10, 2009 | More Posts By Larry Doyle | Author's Website Did Bill Gross just flip off Uncle Sam? It would appear that he did. While the U.S. Treasury is touting the official launch of the Public Private Investment Program (PPIP) as a noteworthy event, the most significant aspect is the absence of Mr. Gross and Pimco as one of the managers. As Bloomberg highlights, U.S. Treasury Opens Distressed-Debt Program Without Pimco : The U.S. plan to help buy as much as $40 billion in assets from banks got started almost four months after it was proposed and without Pacific Investment ...

Related: ppip geithner pimco
Geithner Lies Again as PPIP Prepares for LaunchMish's Global Economic Trend Analysis
Geithner is back at it, and this time it appears the PPIP will manage to launch, mysteriously without PIMCO as noticed by Calculated Risk. Please consider the Joint Statement on the PPIP Legacy Asset, Securities, and Loan Programs by Secretary of the Treasury Timothy F. Geithner, Chairman of the ...