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Saturday, July 12, 2008

Bill Gross Denies Lehman Rumor

PIMCO's Gross denied Lehman rumor and said the company is continuing to trade with Lehman. Will Lehman be another Bear Steans? I remembered days before Bear's collapse, its CEO came out denied rumors outright. So will you rather trust Gross? But note that this time the big difference is Lehman has the Fed's backing.

Watch Bill Gross interview on CNBC:




(click above picture to watch)