PIMCO on private housing lending - FYI

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casey.owens@do.treas.gov

DATE:

2010-08-18 17:14:10

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eschwerin@senecaga.com

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hbiden@rosemontseneca.com

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Bill Gross: To Think Private Housing Lending Can Replace The Government Is Absurd


Among the panelists is PIMCO bond chief Bill Gross, who has called for the government to maintain its strong backing of Fannie and Freddie.

Says Gross: It's just not going to happen that the private sector will somehow come in and replace the government in this area, and to think housing can be totally financed without the government's balance sheet.

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TOPIC: PIMCO on private housing lending - FYI

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