Pimco, Vanguard Are Biggest Lehman Bond Fund Losers

NCmtg at 04:12 2008-09-16 said:

``The losses look set to be widespread, hurting the public through their mutual and pension funds,'' said Ciaran O'Hagan, a credit strategist at Societe Generale SA in Paris.

So you shouldn't be so gleeful. Its not some fat cats that lost a bunch of money here, its also average people with pensions, 401(k)s, IRAs and other investments. I guess its nice that you are sitting back laughing and not shedding any tears for the hard working Americans that put money into savings instead of buying homes they couldn't afford waiting for a bailout. Permalink