Mr. Gross makes a good point, will the Bush Administration bail out the ailing homeowner or will they tell them to “go eat cake?”
> Why is it possible to rescue corrupt S&L buccaneers in the early 1990s and provide guidance to levered Wall Street investment bankers during the 1998 LTCM crisis, yet throw 2,000,000 homeowners to the wolves in 2007? If we can bail out Chrysler, why canâ€™t we support the American homeowner? [PIMCO Bonds - Investment Outlook- September 2007 “Whereâ€™s Waldo?”]
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