[6SJ7]

Legendary money manager Bill Gross, who oversees more than $1.2 trillion at Pacific Investment Management Co. said last month during a television interview that part of his success over the last 18 months was due to buying securities in front of the Fed, and selling them to the Fed at a premium,

What a cozy arrangement.

[ClearCase_guy]

Witness also BoA and JPMorgan going through the entire third quarter without a single negative trading day. How is that possible? Unless the game is rigged and the big players all have cozy arrangements.

[FromLori]

Cozy or Corrupt while he was making money off of it he was borrowing from the Fed.!

Pimco, the world’s largest bond fund, tapped the TALF 96 times between April 2009 and March 2010 for a total of $7.25 billion, making the Newport Beach, California-based firm one of the largest borrowers under the program, which was different from most of the others in that the Fed had to entice firms to participate. Dell’s MSD Capital LP was among investors that included hedge funds and pension plans, according to the data.

http://www.bloomberg.com/news/2010-12-01/fed-crisis-borrowers-ranged-from-bank-of-america-to-mcdonald-s.html