“We have, unfortunately, nothing but bad choices,” he said. “What we’re looking at is better burden-sharing. Right now more of the burden-sharing is being taken by the Greek people.” [CNBC]
Mohamed El-Erian
And while we’re on the subject of stuff B-Gross doesn’t want to hear you even messing around about, don’t start with this El-Erian to take over for Strauss-Kahn business. It ain’t happening, ’cause PIMCO owns his ass for at least the next 20 years. Continue reading »
According to the PIMCO CEO: “Bill [Gross] and I–we do not consider ourselves elite. In fact, we’d like to be taxed more. I said this even before the Middle East started: It is not in the interest of any society for income inequality to keep on going up. It is in everybody’s interest to avoid the extremes.” Continue reading »
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