Trader Mark is Schtupidd

Bill Gross Calls for More Bailouts, Profits from Thornburg's Misfortune

Thornburg has been squeezed badly, but not because the quality of loans on thier books is a disaster.. They only hold AAA and AA jumbo mortgages and have ALWAYS had a fraction of the default rates versus all the mortgage lenders in the country. Bill Gross is getting a bargain.