"History is a wonderful thing, if only it was true"
-Tolstoy

Wednesday, September 24, 2008

Kudos to Bill Gross

Saw Bill make the offer on CNBC about 2:00 PM

Managing the Bailout - He’d Do It for Nothing - NYTimes.com

"One of the many concerns expressed on Capitol Hill this week about the Treasury Department’s $700 billion rescue plan was how to keep the Wall Street firms that helped to create the crisis from making a killing if they are hired to help contain it.

William H. Gross, the manager of the country’s largest bond mutual fund, has a solution for that: He is offering to do it free."

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