Well Well... Federal Reserve selects PIMCO to MANAGE COMMERCIAL-PAPER ASSETS!!!

[HOLLYWOOD]

Well

Birds of a FEATHER... PIMCO, I presume, Peter GROSS, and the inner circle of trust, just got a little COZIER! FOX BUSINESS just confirmed Reuters news release PIMOC gets to manage FEDERAL RESERVE PAPER ASSETS. I guess CNBC is loving this, since PIMCO spends a ton of money with them on advertising?

http://in.reuters.com/article/marketsNewsUS/idINNYG00136620081014

Pimco to manage commercial paper funding facility -Fed

Tue Oct 14, 2008 8:23pm IST Email | Print | Share | Single Page [-] Text [+]
NEW YORK, Oct 14 (Reuters) - U.S. bond fund management company PIMCO (part of Allianz) will serve as asset manager for the Federal Reserve's Commercial Paper Funding Facility, the Federal Reserve said on Tuesday.

State Street Bank and Trust Co. (STT.N: Quote, Profile, Research) will serve as custodian for the facility, the Fed said. (Reporting by Jennifer Ablan and John Parry; Editing by Theodore d'Afflisio)

 

[Brian4Liberty]

Well

Birds of a FEATHER... PIMCO, I presume, Peter GROSS, and the inner circle of trust, just got a little COZIER! FOX BUSINESS just confirmed Reuters news release PIMOC gets to manage FEDERAL RESERVE PAPER ASSETS. I guess CNBC is loving this, since PIMCO spends a ton of money with them on advertising?

Peter Gross said on CNBC he would manage the program for free... they put him out there as the "best" choice...

 

[HOLLYWOOD]

Peter Gross said on CNBC he would manage the program for free... they put him out there as the "best" choice...

OF all the Money and GREED industries... don't you find it a bit IRONIC the man that used MILLIONS lobbying CONGRESS, EXECUTIVE branch, The FED, it's branches, and TREASURY for the Fannie Mae/Freddie Mac BAILOUT?

GROSS made $8 BILLION off the BAILOUT. Steve Liesman, CNBC, all the BOYS of the executive wash room, FED and TREASURY... with the PIMCO management are one CHUMMY group.

Well Well...

The Lobbyist Money worked well on the Cronies inside the BELTWAY and throughout the FEDERAL RESERVE! I wonder what the total was to BUY the job...


NOTHING is FREE, especially on Wall Street! What's next, Blackrock's ex FED cronies awarded managing the MORTGAGE sector? I'd put money on that!

 

[pappy]

It just gets better and better. These guys are closing the club membership down tighter and tighter, hoping enough people won't notice (until they're broke and hungry anyway).

By then it will a come-from-behind ballgame for the people.

Trying to wake as many as I can.

pappy