TrishaCalifornia

Bill Gross: 'Pick Me! Pick Me!'

Believe it or not, they can trade elsewhere

Bill Gross: 'Pick Me! Pick Me!'

Of course, Let Fannie and Freddie FAIL, and every bank, small, mid, large, international, multinational, every foreign soveriegn wealth fund, every insurance company Lose and Lose Big,and don't come back. . . and in the inaction wipe out any chance of a real estate recovery in our lifetimes, guarantee a Depression, Since NO One will have the nerve( or capital) to lend small business(especially U.S. businesses), let alone lend on a 'home'. Maybe I missed the fact that common shareholders have lost 95% of their investment in these GSE's already, so inflict more pain on the more conservative investors into U.S. agency debt. The plan is to save the borrowers/homeowners with mortgages from losing their homes by providing a AAA backstop on their loans, if they qualify(U.S.Government... rather than being put on the street like in the 'Grapes of Wrath', which is the other alternative that I guess you must prefer in your small-minded, more self-serving viewpoint. I just left a Real Estate office, they have a 67 month supply of listings, because no one can get a mortgage, car sales are Down 33%, no more leases. Got Solution? Go figure.