Thursday, January 03, 2008

Bill Gross.......

I've never met him. Probably a fun guy to talk stamps with.

Listening to him try to talk down long mortgage rates today on CNBC was excellent entertainment. For a rich guy, he's got his funds in a pickle. Fortunately, his viewers on CNBC can't dictate rates. The free market is doing a good job of cleaning up the excess greed and idiocy of allowing every Tom, Dick and Bill to get a mortgage.

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