NoFate

Bill Gross: Our 'Shadow' Banking System Needs a Fed Bailout

Two words Bill ...Moral Hazard.

Why should the taxpayers pay someone else's mortgage?

The entire mortgage industry made horribly bad decisions for 5 years ...let them pay.

Wall Street packaged this garbage and sold it to unknowing buyers as AAA ...let them pay.

Subprime renters got a great 2% deal for a few years ...now let them rent.

Let the free markets do their job. Everyone is a capitalist until there is a recession in their industry and then suddenly they want the government to bail them out.

You are a brilliant CEO and I greatly enjoy your articles ...I know deep down you are not a communist.