2014-03-04 — americanthinker.com
``The WSJ highlighted a very stressful moment last June on PIMCO's trading floor,when Mohamed El-Erian "squared off in front of more than a dozen colleagues amid disagreements about Mr. Gross's conduct."Â Gross snarled he had a 41-year track record and challenged El-Erian contribution to PIMCO.Â El-Erian snapped back, "I'm tired of cleaning up your s--." ... At the time of the incident, the bond market was under selling pressure and PIMCO losses were causing clients to yank billions of dollars from the firm.Â Very few of clients have any clue regarding the massive amount of derivative risk PIMCO takes with their money''
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