Gross, Fuss discuss capital raising by Fannie, Freddie

08/26/2008 | Reuters

Bill Gross, chief investment officer at Pacific Investment Management, and Dan Fuss, vice chairman of Loomis Sayles, said they would participate in fundraising efforts by Fannie Mae and Freddie Mac if the Treasury is also involved. The two disagreed on how the deals should be structured: Gross is interested in a straight preferred-stock offering, while Fuss suggested a convertible-debenture offering.

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