dg arc

Bill Gross: Treasury Will Have to Buy Fannie/Freddie Shares

Bill is most likely right - the treasury (which ultimatley means the general US public) will put money into Fre & Fan

As the bigger fool theory of investment managements states - there is always a bigger fool to whom you can offload your position and there is no bigger fool than the general public

As usual the sucker of last resort carries the can - in this case the US public. What will this do to the suckers purse and his purchasing power i.e the US $ - cause I am sure all this is not already priced into the dollar?