Bill Gross CNBC 3/4/09 March 4, 2009 GE

Bill Gross, CIO of Pimco, was on CNBC this morning and gave comments on General Electric ( GE ), the TALF program, and the Housing Plan. GE stock was trading at $5.96 but has now rebounded to $6.20 on the following Bill Gross Comments.

Bill Gross CNBC Comments - 3/4/09

GE default rates are rising, what do you see?

I have a technical take on what is happening with GE, you are basically seeing an anticipation of the triple A rating become double A, forced selling ahead of the downgrade. A lot of bonds coming up for sale, widens spreads, signals to the stock market something is wrong. GE is subject to forced selling ahead of downgrade by Sovereign Wealth Funds. We have a lot of GE bonds and it is a very viable company.

Talf Details - what is your view on the TALF Program?

It's a potential trillion in support or more if its successful, consumer loans, credit cards, auto loans. These markets will be supported with Talf.

Housing Plan: Are we coming out of it on Housing?

I think housing is the primary focus right now. - Today's housing plan addresses 2nd lien mortgages before 1st lien and I think that is important.

Check out past comments from Bill Gross - Right Here

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