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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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