Bill Gross said the following to a bunch of chicken head politicians gobbling up his wisdom.

Bill Gross, managing director of bond giant Pimco, said the economic recovery required more government stimulus, particularly in the housing market. He suggested the administration push for the automatic refinancing of millions homes backed by mortgage giants Fannie Mae and Fannie Mac.

http://www.usatoday.com/money/economy/housing/2010-08-17-fannie-freddie-future_N.htm

http://www.nytimes.com/2008/09/25/business/economy/25pimco.html?pagewanted=1&_r=1&em

Aug. 17 (Bloomberg) -- Bill Gross, who runs the worlds biggest bond fund at Pacific Investment Management Co., said the U.S. should consider full nationalization of the mortgage- finance system as the Obama administration plots the revival of a market that was at the center of the 2008 credit crisis.

http://www.silobreaker.com/bill-gross-let-us-take-full-control-of-housing-finance-5_2263661458942328882

Does anyone still think I'm crazy for bringing up the idea of nationalized housing? They are saying it in the open now, to the US Congress no less. This congress has taken greater steps towards socialization than any other in History. Controlling the vast housing market would be the ultimate feather in their cap.

When the second recession hits and families are filmed by the local media on the streets and living in motels and cars, rest assured the government will come to the "rescue" and finalize our socialist transformation. Even though those affected either over-leveraged their own finances and account for only a small portion of the housing market, the government will spin it as an epidemic.

Just my 2 cents.