Mr. Shaman
Senior Member
- May 4, 2010
- 23,892
- 822
- 48
"Bill Gross, who runs the worlds bigge$t bond fund at Pacific Investment Management Co., said the U.S. should consider full nationalization of the mortgage- finance system as the Obama administration plots the revival of a market that was at the center of the 2008 credit crisis.
To suggest that theres a large place for private financing in the future of housing finance is unrealistic, Gross said today at a U.S. Treasury Department conference in Washington. Government is part of our future. We need a government balance sheet. To suggest that the private market come back in is simply impractical. It wont work.