Friday, February 04, 2005

Silly

Why does this capitalist hate America?
NEW YORK (CNN/Money) - Bill Gross, manager of the world's largest bond fund, is criticizing President Bush's plan to privatize part of Social Security.

Gross, managing director at Pimco, called the argument about the solvency of Social Security "silly" and said it was an example of the president not focusing on more important issues, such as the budget deficit.
Apparently, Pimco isn't on the insider's list for fund managers post-privatization?