Gross Employed `Trickery' to Scope Out Subprime Market

Jun. 10, 2011
June 10 (Bloomberg) -- Bill Gross, co-chief investment officer of Pacific Investment Management Co., sent ten of his analysts to investigate the housing market in cities such as Las Vegas and Detroit in 2006. Their findings alerted Gross to troubles within subprime lending. Erik Schatzker reports on Bloomberg Television's "InsideTrack." (Source: Bloomberg)
Correction: Clarification: