Pimco’s Gross Sees Market Meltdown

Posted: September 14, 2008 at 5:20 pm

HouseBond king Bill Gross of Pimco believes that a failure of Lehman (LEH) will lead to "the risk of an immediate tsunami.. related to the unwind of derivative and swap-related positions worldwide in the dealer," according to Reuters.

Douglas A. McIntyre

Read more: Economy,