Gross on PIMCO’s Fannie Trade

That smile says it all!

This is so sad. This is the end of a great economy. The treasury will fail. They had so many other ways to go. But to nationalise the morgage industry is the wrong way. This is the quick fix, no pain plan. The problem is the pain will be more down the line. We will have to socialize the country to live. We lose our freedom. We sould take the pain.F— Pimco.

i thought this country was founded on fighting taxation without representation. Well, don’t these bailouts amount to the same thing? When “they” profit, they keep it, when “they” lose – we get the debt. How’s that work?

What’s with all this Gross hate? He’s an investment manager, he makes money for himself and others by making good decisions, this was a hell of a good decision. That’s the way the system works in this country. You may not like the system but don’t blame Gross who was just doing his job and doing it a hell of lot better than a lot of other people from O’Neill to Miller who were paid vast sums of money and completely screwed up.

And we were laughing down our noses when the Brits took over Northern Rock.

“What’s with all this Gross hate?”

And PIMPco is your idea of free markets?

“That’s the way the system works in this country. You may not like the system but don’t blame Gross”

That is the point, he is what is WRONG with the system. Its the system is the lamest excuse for the status quo and why anyone without inside information would invest in the US markets escapes me.

maybe we’ll all see this a little more clearly now:

Karl Marx’s “10 Planks” to seize power and destroy freedom:

Abolition of Property in Land and Application of all Rents of Land to Public Purpose.

A Heavy Progressive or Graduated Income Tax.

Abolition of All Rights of Inheritance.

Confiscation of the Property of All Emigrants and Rebels.

Centralization of Credit in the Hands of the State, by Means of a National Bank with State Capital and an Exclusive Monopoly.

Centralization of the Means of Communication and Transport in the Hands of the State.

Extension of Factories and Instruments of Production Owned by the State, the Bringing Into Cultivation of Waste Lands, and the Improvement of the Soil Generally in Accordance with a Common Plan.

Equal Liability of All to Labor. Establishment of Industrial Armies, Especially for Agriculture.

Combination of Agriculture with Manufacturing Industries; Gradual Abolition of the Distinction Between Town and Country by a More Equable Distribution of the Population over the Country.

Free Education for All Children in Public Schools. Abolition of Children’s Factory Labor in it’s Present Form. Combination of Education with Industrial Production.

Numero Uno, finally acheived, to join their other successes.

Douglas,

check the #’s where you live, though, here, in Pennsylvania, state-wide, ~18% of our population Fails to achive a H.S. Diploma. Even in our Wealthiest counties, median ~U$D 81 000(2005)(i.e. Chester, outside of Philadelphia) the # is above 10%.

Again, state-wide, ~56% of our population maxes out their “educational acheivement” with a H.S. Diploma. Chester county= ~37%

You note: “modern civilization”, take a peek around, you think we’re maxing out our potential?

Our current K-12 system hasn’t, materially, changed since it was developed ~100 years ago to feed “Workers” into the mill. Now, it feeds “Consumers” into the mall(maul).

See it, our current schooling system, producing Critical Thinkers?, or Prozac addicts?

You’ve got a good mind, put down the blinkers, see the Horizons, and help out.

“Perhaps the greatest of school’s illusions is that the institution was launched by a group of kindly men and women who wanted to help the children of ordinary families—to level the playing field, so to speak.”
http://www.johntaylorgatto.com/

@Mark E Hoffer: Good points all, but I don’t think you can put ALL of the onus and blame on any schooling “system” when there are several other cultural forces at work as well. My brother in law started a pretty innovative, successful charter school here in Minny and the stories he tells me about the plethora of kids who come to school simply not ready to learn is astounding. Much of this falls on parenting and the family environment as well, no? Parents can’t just dump their kids at school and expect them to do the parenting for them. I really think the problem is much deeper and far more multi-factored than just pointing the finger at our “free” public school system.

Whew! I was concerned Bill Gross would no longer be able to afford face lifts and chemical peels.

What a sham. At the risk of being indelicate, f*^k Bill Gross, and the dermatologist he rode in on….

Jeff M.

with this: “I really think the problem is much deeper and far more multi-factored than just pointing the finger at our “free” public school system.” of course it is, note, though, I was just responding to Douglas’ comment.

and, this: “Parents can’t just dump their kids at school and expect them to do the parenting for them.” Of course that would be non-sense, though, it isn’t stopping the Politicians from offering ever more “Gov’t”-funded programs that aim to do just that.
From DayCare and pre-School to longer school days and longer school years.

We need less Schooling and more Learning.

Again, of course, the problems we face have other facets, but, the idea that “Free Public Schooling” is a panacea is a Fraud, and a Failure, for the People, on par with the Federal Reserve.

He made money. It’s his job.

“He made money. It’s his job.”

I wish I could make money whining and screwing the taxpayers.