Tossing Stones at -the King of the Bonds- and HMP is Wrong

Good Morning, Afternoon or Evening! You have probably read many articles and had your email box stuffed from many tossing stones at Pimco's Bill Gross for forcing the government spoon to help feed Freddie & Fannie. Here's one example: http://seekingalpha.com/article/94109-bill-gross-bailout-call-wise-man-or-fool?source=d_email With all due respect, we too believe in a laissez-faire approach (the "let them go bankrupt philosophy") in 99% of cases, but not this one, no way, no how. Do the journalists who arecriticizing Gross & government officials like Paulson not understand that Fannie was created because the free market banking system failed us during the Great Depression? Franklin Delano Roosevelt (FDR) took aggressive steps that were contrary to "leaving it alone" and it worked for seven decades. Pimco manages the largest bond portfolio on earth, therefore Bill Gross is the perfect messenger the media can crucify after government officials see no way out and begin whispering into his ear and through his mouth. Is Pimco/Gross responsible for the current credit mess, or should he be lashed for speaking his positions? On the contrary he has in fact purchased billions of dollars of government agency paper through the decades, and is Hank Merritt Paulson's (HMP) best friend, best scapegoat, and most qualified expert witness to negotiate a very sensitive "New Deal of 2008", buoying & tweaking FDR's 1938 creation of the Fannie Mae enterprise. So perhaps the acronym 'HMP's New Deal of 2008' will make it into history books as the credit crisis stabilizes and turns. We expect some credit may go directly to Pimco's Bill Gross, aka -the King of the Bonds- Yet many in the media punish Gross and Paulson: shame on them. We believe... --- If you would like to receive this and future posts and market analysis, please send an e-mail to Psychologyofthecall@gmail.com and make sure that your e-mail client will not consider messages from that address as spam.