Is Newport Beach's Bill Gross ready to throw some of his big bucks at Ron Paul? With PayPal co-founder Peter Thiel having donated $2.6
million of the $3.4 million Endorse Liberty has raised since the pro-Paul SuperPAC's Dec. 20 creation, a money watcher wonders if Gross–the co-founder of Pacific Investment Management (PIMCO) and manager of the Newport Beach firm's $252.2 billion Total Return Fund–will be the next to break out his checkbook.
Warning: ZeroHedge's Tyler Durden pulled the following out of his, ahem, assets:
Isn't it about time the Newport Beach multibillionaire reached into his back pocket and put his money where his mouth is, especially following his tongue in cheek endorsement of Ron Paul for president?
Durden is having fun with Gross saying “I'm a little Ron Paulish” 6 minutes and 24 seconds into the following CNBC clip:
The full context: Gross shares Paul's dim view of the monetary policies of Fed chief Ben Bernanke and Treasury Secretary Tim Geithner.
Matt Coker has been engaging, enraging and entertaining readers of newspapers, magazines and websites for decades. He spent the first 13 years of his career in journalism at daily newspapers before “graduating” to OC Weekly in 1995 as the paper’s first calendar editor. He went on to be managing editor, executive editor and is now senior staff writer.