Pimco's Gross Says US Will Rescue Fannie, Freddie (Update2) - Bloomberg

RTE.iePimco's Gross Says US Will Rescue Fannie, Freddie (Update2)
Bloomberg - 1 hour ago
By Kathleen Hays and Shannon D. Harrington Aug. 6 (Bloomberg) -- Bill Gross, who manages the world's biggest bond fund, said the US Treasury will probably be forced to buy as much as $30 billion of preferred shares in both Fannie Mae and Freddie Mac to ...
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