Radio Free Wall Street 8/6/2008

Lee Adler, Russ Winter, and Aaron Krowne analyze the impact of key financial events on the financial markets and economy, tell what to look for in the weeks and months ahead, and discuss strategies for the short, intermediate and long term? Not a subscriber? Click here for a free extended preview of this podcast.

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1 comment for “Radio Free Wall Street 8/6/2008

  1. don
    August 6, 2008 at 3:20 pm

    And now, a word from PIMPCO’s Gross?

    Pimco’s Gross Says U.S. Will Rescue Fannie, Freddie (Update1)
    By Kathleen Hays and Shannon D. Harrington

    Aug. 6 (Bloomberg) — Bill Gross, who manages the world’s biggest bond fund, said the U.S. Treasury will probably be forced to buy as much as $30 billion of preferred shares in both Fannie Mae and Freddie Mac to help shore up their capital.

    “By the end of the third quarter, the preferred stock in Fannie and Freddie will be issued, the Treasury will have bought it,” Gross, co-chief investment officer at Pacific Investment Management Co., said today in an interview on Bloomberg Television. “We’ll be on our way toward a joint Treasury-agency combination.”

    http://www.bloomberg.com/apps/news?pid=20601087&sid=aui7Z.8ZCbqA

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