Financial Briefs

Breaking financial news from Wall Street to Main Street

Pimco’s Gross says bailout to benefit Main Street: report

Posted by financialbriefs on September 24, 2008

The Treasury’s proposed $700 billion bailout for financial firms could yield a profit of at least 7 percent to 8 percent and benefit taxpayers, Bill Gross, who manages the world’s biggest bond fund, wrote in an opinion piece in The Washington Post on Wednesday.

read more


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: