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Rating:Gross on the '99 Percent': Of Course They're Fighting Back Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, October 12, 2011

Gross on the '99 Percent': Of Course They're Fighting Back

News summary by MFWire's editors

Last week, it was Larry Fink. Now, another big name in the asset management industry has expressed understanding for the anti-Wall Street protests.

Pimco co-founder and co-CIO Bill Gross tweeted yesterday: "Class warfare by the 99%? Of course, they're fighting back after 30 years of being shot at."

Gross' tweet, which was picked up by Bloomberg, came days after BlackRock's CEO was quoted by the wire service as saying: "These are not lazy people sitting around looking for something to do. We have people losing hope and they're going into the street, whether it's justified or not … People are afraid of the future. We have some structural issues we have to fix." 

Edited by: Armie Margaret Lee


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