William H. Gross.  He is the chief investment officer and founder of the investment management firm PIMCO.  He writes today that bailing out rich guys on Wall Street is good for Main Street. 

He presumably does not favor the government taking an equity stake in these companies as they tank, stabilize them, then sell for a profit.  Because he or his friends do not get his cash.  He would rather they all sell crap assets to the government for high prices.  Straight subsidies are bad, except when they get them.

Helping Wall Street helps Main Street.  Where have we heard that before?  To paraphrase Montana governor Brian Schweitzer: Cowboys know that "trickle down" on the ranch is not a good thing.

Hopefully we can focus on getting a real economy to make and grow things again.  Restore balance.

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