– Bill Gross Explains The European Ponzi (ZeroHedge, Feb. 8, 2012):
Not like it is news, but… Out of one pocket, into another, and in the mean time “things get better” as Gross explains below. That said, we hope Bill knows where Allianz of A&G fame (which just happens to be the closest comp to our own AIG) falls in the pecking order of the European house of cards.
