Friday, August 24, 2007

Bill Gross May Wan't Bush to Save Bill Gross

Hmm this is an interesting take on why PIMCO bond guru Bill Gross wants the government to come to the rescue of the mortgage markets.
I see the top bond guru in the world returned a three year average of
3.83% in his "Total Return" Fund. One could have parked money in a money market fund, CDs, a bank, or short term treasuries and done better than that. Digging deeper I see the top five holdings of the Total Return Fund are as
follows.
1) Fannie Mae (FNM)

2) Fannie Mae
3) Fannie Mae
4) Fannie Mae
5) Fannie Mae

So it would certainly be nice for Bill Gross if "W" was the "Decider" and opened up his wallet.

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