Results tagged “Pimco” from Dealbreaker

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Greenspan Neither Green Nor Span. Discuss.

Now Greenspan tells us that temporarily nationalizing broke US banks might be OK. If that doesn't stop you in your tracks, it should. The man often called the high priest of laissez-faire capitalism is saying that he can imagine briefly...

Does PIMCO Surprise You?

Buying up FDIC backed bonds as quickly as possible along with the senior tiers of bank debt, might just be PIMCOs bottom call. Or looming disaster. Take your pick. Mohamed El-Erian, co-chief of the powerful money manager Pacific Investment Management...

The Scare At Lehman: Like A Dress Rehearsal For A Run On The Bank

Today's scare at Lehman Brothers showed us all what a bank-run would look like. The stock plunged 22% while credit default swaps blew out to deathwatch levels. The basis of the scare were a pair of rumors that started circulating...

PIMCO's Bill Gross: The Fed Will Keep Lehman Afloat

Bill Gross just appeared on CNBC to crush the rumor that Pimco was diminishing its exposure to Lehman Brothers either by reducing its trading positions with Lehman or reducing any investment in Lehman. In his comments he said that Pimco's...

Let's Get You A Job

The ad people in this asylum tell us and potential sources of revenue that you're all gainfully employed and just saddled with money to spend, but for the maybe one, or two, at most, of you who are reading this...