RealEconTV

Business news without the bullshit

Bill Gross gives the finger to Pimco board

Subscribe to RealEconTV

Your e-mail address is kept absolutely private
We make it easy to unsubscribe at any time

This is some fascinating stuff.

Pimco is the 800 pound gorilla in the 800 pound gorilla market (bonds). They manage $2 trillion in funds.

And their top guy, and founder, just walked off the job - literally.

The Pimco board says they didn't know about it until they heard it on the news.

So who is going to run this thing?

El-Erian, the most logical choice, says he's not coming back to do it.

A $2 trillion dollar bond fund in unsteady hands, now? Really?