On Sun, 22 Aug 2010, Doug Henwood wrote:
> Wonder how this proposal would affect PIMCO's portfolio?
He says it would cost them big:
http://www.huffingtonpost.com/2010/08/17/bill-gross-mortgage-refi-_n_685228.html
"At PIMCO, we'd be affected by $3 or $4 billion in terms of a refunding
loss," Gross said. "But I'm here as a public advocate, not as a private
[investor]. When I go back to Newport I'll be back to managing that
portfolio." PIMCO is based in Newport Beach, Calif.
<end excerpt>
Michael