"Having gotten rich at the expense of labor, the guilt sets in and I begin to feel sorry for the less well-off," Gross writes in his latest monthly missive, entitled "Scrooge McDucks," posted on the website of PIMCO, the world's biggest bond fund. His letters are usually colorful and sometimes self-critical.Bill Gross sure has a lot to feel guilty about. He was the point man in the Fannie-Freddie bailouts that looted taxpayers for billions. He wears so many hats in the bond market: he might be America's most conflicted investor. If Bill Gross feel shame, let him write a big check to the IRS for his sinful rent-seeking life style. Bill Gross didn't get rich at the expense of labor but of taxpayers. No shower can ever get him clean.
Monday, November 04, 2013
Bond King Bill Gross Feels Guilty For The Money He Made But Not Guilty Enough To Stop His Rent- Seeking Tactics
The Huffington Post reports on greedy, rent-seeking con man Bill Gross:
Posted by Steve Bartin at 6:26 PM