I have never found PIMCO to be credible or ethical. They have constantly used CNBC to drum up support for interest rates as convenient to their own holdings. Bill Gross is a crook in that regard. He made a ton of money by being right once a long time ago. Since then he's been consistently wrong and dangerous in his "advice".
Ever since govt started meddling in the market, modifying stock market ruless and adjusting loans for borrowers, ethics has been thrown out the window.
Is the Fed Lending Directly to Troubled Homeowners? [View article]
Little House on PIMCO’s Prairie [View article]
The Duplicitous Sheila Bair [View article]