"The sanctity of (bondholder) contracts is certainly lessened," says Bill Gross of the Greek PSI...

|By:, SA News Editor

"The sanctity of (bondholder) contracts is certainly lessened," says Bill Gross of the Greek PSI deal, "Bondholders have this to look forward to going into the future." Hasn't the Bond King heard of Greece's "uniqueness?" Gross "overwhelmingly" believes CDS will be triggered (Pimco sits on the ISDA Determinations Committee).