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Bill Gross Discusses Rumored Fannie and Freddie Backstop

09/05/2008


PIMCO's Bill Gross Appeared on Fox Business News on September 5, 2008.

 

Bill Gross discusses the rumored Fed backstop of Fannie Mae and Freddie Mac, whether the bailout raises the issue of moral hazard, and where to draw the line on other company rescues.

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Past performance is no guarantee of future results. This is not an offer or solicitation for the purchase or sale of any financial instrument. It is presented only to provide information on investment strategies and opportunities. The material contains the current opinions of the commentator, which are subject to change without notice. Statements concerning financial market trends are based on current market conditions, which will fluctuate. References to specific securities and issuers are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations to purchase or sell such securities.

 

With regards to any statements to the contrary, Bill Gross is the Portfolio Manager of the PIMCO Total Return Fund, the largest bond fund in the U.S. by assets under management, source SIM Funds.

 

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