Reply #1: I'm sorry to see Bill Gross of PIMCO mixed up in this.

[KoKo]

I always thought he was one of the good guys...warning about the Housing Bubble early on. I guess he was just covering his own butt.

And, the article sort of says nothing will be done about these crooks. Just move on and forget the past. How much more crap can be swept away on Wall St. and in our Government?

more from the article:


For now, most banks are looking forward rather than backward. Morgan Stanley and UBS are attaching new strings to bonuses, allowing them to pull back part of workers’ payouts if they turn out to have been based on illusory profits. Those policies, had they been in place in recent years, might have clawed back hundreds of millions of dollars of compensation paid out in 2006 to employees at all levels, including senior executives who are still at those banks.