Charlie Gasparino reports that in the wake of Meredith Whitney’s apocalypse prediction, “investors have sold their muni holdings in droves,” with PIMCO being hit “particularly hard.” Though he’s remained civil in public, the usually affable Bill Gross feels like he’s been kicked in the cojones and has supposedly “launched an all-out war to discredit Whitney’s research in an attempt to restore confidence in the $3 trillion municipal-bond market.”
But it hasn’t abated enough for Pimco. While Gross quietly jabs at Whitney in his television commentaries, his people on the ground in charge of selling bond funds to brokers are playing offense. According to one person with direct knowledge of the matter, a Pimco representative said that they money management firm has even obtained a copy of Whitney’s report, and it “wasn’t worth the paper it was written on.”
The Pimco representative said, according to this person, that the money management firm paid $10,000 to obtain the report and considered having Whitney herself address analysts at the money management firm, but decided not to because officials there believed her analysis to be superficial.
Bill Gross camel toe
::.drool::
::.unzips.::
I went blind trying to read that.
I have established a short HP Laserjet Fax position.
*yawn* I thought we sent that horse to the glue factory…Chaz, glad to see you’re still getting the scoops!
*yawn* I thought we sent that horse to the glue factory…Chaz, glad to see you’re still getting the scoops!
Gross! Finkle, you nasty!
Gross! Finkle, you nasty!
Gross! Finkle, you nasty!
pwned.
pwned.
My first impression of that image of Gaspo in a suit beside the images of the heads of Gross and Whitney was that Gaspo looked like a Japanese “tekoki” instructor in those black rimmed glasses.
They should just whip it out and see whose is bigger
Is CG reporting the story from Australiar?
Have you ever seen a man eat his own head, Charlie? Then you haven’t seen everything.
Think that’s bad? One time I ashed on Antoine’s rug, and he made me pick it up…..with my anus.
“one person with direct knowledge of the matter” that would be the 22 year old receptionist who runs down to Starbucks to get Bill’s soy latte and fresh fruit cup…..nice work Chaz!
BGross always talks his book. It is so obvious it is painful to watch. Don’t worry hun.
-not a fan of BGross’ work
Pimco paid 10K for the report and Bess gave it to is for free? I think we all owe Bess a little $.
*us
Bill Gross got it 4 months ago like everyone else who invests a meaningful amount in munis – and no one thought much of it then and they think even less of it not. Not MW’s best work.
Oh contraire….I think this is MW’s best work. It is still crap – but it is her best crap
It’s “au contraire”. Just stop writing that please.
Trying to appear educated while making blatant spelling mistakes is the NKI.
http://pdfcast.org/pdf/whitney-muni-report