Pimco’s Gross Urges Bush to Bail Out U.S. Homeowners

Bailing out U.S. homeowners, or bailing out PIMCO? With better than 50% of PIMCO Total Return Fund tied up in mortgage-backed securities, I have to wonder about the sincerity of Mr. Gross’s “proposal.”

UPDATE: Pleading on the long-term, while quietly dumping the short-term.