“This is a big one in many respects,” said Mohamed El-Erian, chief executive of Pimco, the world’s largest bond fund manager. “This is a strong and comprehensive attempt by the government to stabilise the housing and financial markets by engaging its balance sheet and providing direct liquidity and capital support to counter further GSE-related disruption.”
http://www.ft.com/cms/s/0/31fcd940-7d15-11dd-8d59-000077b07658.html
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