"This is perhaps the first win-win-win policy to be put on the table and it should be welcomed enthusiastically. We intend to participate and do our part to serve clients as well as promote economic recovery," said Bill Gross, co-chief investment officer at Pimco.
Mutual fund managers, hedge funds and private equity firms are all in the running to take part in the government's latest plan for cleaning up the balance sheets of the nation's battered banks, company representatives said Monday.
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