Bill Gross, who invested $5.5 million of his own money in five municipal bond funds run by his Pacific Investment Management Co earlier this month, told CNBC on Tuesday he would avoid Illinois debt.Sounds like Bill Gross doesn't think that Illinois is going to get a bailout like Fannie and Freddie.
Monday, January 03, 2011
Pimco's Bill Gross Says Avoid Illinois Debt
Reuters reports: