Gross of Pimco Says He's Buying Bonds of Goldman, Deutsche Bank

Bill Gross, manager of the world's biggest bond fund at Pacific Investment Management Co., talks with Bloomberg's Kathleen Hays from Newport Beach, California, about the asset-backed commercial paper market, the outlook for Federal Reserve monetary policy, and investment strategy. Gross, who urged the Bush administration, rather than the Federal Reserve, to bail out U.S. homeowners in his monthly Web site commentary, said he's buying debt of investment banks. (Source: Bloomberg)

Bloomberg | August 23, 2007

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