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Chanos Shows Empathy With Wall Street Protest Paulson Dismisses

Jim Chanos, founder of $6 billion hedge fund Kynikos Associates, and billionaire bond-fund manager Bill Gross said they understand the anger directed at financial companies as anti-Wall Street protests spread to Manhattan’s Upper East Side, home of some of the country’s top executives.

Chanos said New Yorkers don’t appreciate the impact government bank bailouts have had on other U.S. citizens. Gross, who runs the biggest bond fund at Pacific Investment Management Co., said today in a Twitter post that wage earners are fighting back after three decades of class warfare in which they were “being shot at.”