[mlocher]

Thanks for the post. How would we know if the bail out will provide a profit for the gov't? They don't measure profit. Absurd! I think Gross is looking for a reason to justify a bail out to save his butt from shareholders.

Taking that approach (of looking out for oneself), how about refunding $700 billion to the American taxpayers instead? That will get the economy moving! Some will even invest their money in a savvy way to improve the credit situation.

[RexBeach]

How does Mr. Gross know that the mortgages are going to bought for 65 cents on the dollar?

A lot assumptions are in his explanation of this, but then Mr. Gross is also a big leftie, a Barack supporter, and a pretty fair bond manager.