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Pimco: $1 trillion housing losses seen (Reuters)

July 24th, 2008 · Permalink



A home that has been foreclosed and repossessed by the bank is put up for sale in Burbank, California, July 20, 2008. (Fred Prouser/Reuters)Reuters - The best way to help the ailing
housing market recover from the $1 trillion of losses it faces
will be to cut the cost of mortgages via the housing bill and
rescue package for mortgage finance giants, the manager of the
world’s biggest bond fund said on Thursday.


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