Wednesday, August 25, 2010

Bill Gross Agrees: Geithner and Summers Must Go

Shocking! Main St. finds little support in DC, says PIMCO head.

Of the fragrance of your good ointments,
Your name is ointment poured forth;

Song of Solomon

* * * * *

... Gross said he told Geithner and other Treasury officials that they would never get housing starts of 1 or even 2 million a year under the wing of the private market.

"I said that was impractical. Let me amend that to ludicrous."

... "The vested interest lies on Wall Street, not Newport Beach or Main Street," he said.


Shocking! It appears Mr. Boehner is on to something. Read the whole Bill Gross story here:

A Disillusioned Mr. Gross Returns from Washington

—Tom Chechatka

0 comments:

Post a Comment