Bond Trader Bill Gross Wants PIMCO Bailout

Mish reports on PIMCO Total Return:

I see the top bond guru in the world returned a three year average of 3.83% in his "Total Return" Fund. One could have parked money in a money market fund, CDs, a bank, or short term treasuries and done better than that.

Digging deeper I see the top five holdings of the Total Return Fund are as follows.

1) Fannie Mae
2) Fannie Mae
3) Fannie Mae
4) Fannie Mae
5) Fannie Mae

Bill Gross promoter of Fannie Mae and other governmental interventions.