Karen DeCoster Considers Bill Gross and the Housing Summit

DeCoster writes:

Almost no one can top the insane proclamations of Bill Gross, a certified nut who runs Pacific Investment Management Co (PIMCO) and consistently partners with government in order to assist with the design of government planning schemes that enrich Wall Street firms and guys like him who pull all the levers behind the black curtain.

 This time, Gross, a mega-holder of US-backed mortgage debt, declared the private sector dead in terms of the secondary mortgage market.

Read the rest here.