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.

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