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Bill Gross will be managing the govt seized assets...

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Posted: Sep. 19, 2008 - 3:57 PM ET #1

better him than some idiot in washington

that being said...what's the downside to buying 1-2000 shares of AIG and letting it sit for 5 years

the company was flourishing, just not liquid

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Posted: Sep. 19, 2008 - 4:08 PM ET #2

Perfect we need a good liar for that job

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Posted: Sep. 19, 2008 - 4:12 PM ET #3

Has he stepped down from Pimco I presume????

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Posted: Sep. 19, 2008 - 4:26 PM ET #4

"The return on AIG will be a very positive one," Gross said, adding that he expects AIG to be "thriving" in five years.
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no idea vermeer

word has it, he owns a TON of fannie and freddie debt

Hank "Bill dont sell the fnm/fre debt...please. I beg you"
Bill "Fine but you must nationalize them to ensure my debt service payments and I want to manage any further assets seized"
Hank "Deal"

i imagine it went like that

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Posted: Sep. 19, 2008 - 4:29 PM ET #5

Tremendous conflict of interest..your scenario is alas probably not far off the mark.Sheesh...

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Posted: Sep. 19, 2008 - 4:30 PM ET #6

Tremendous conflict of interest..
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after today, what isnt?

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Posted: Sep. 19, 2008 - 4:31 PM ET #7

imagine the mgmt fees on 1 trillion level 3 tranches?

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