Taxpayers Could Profit From Fannie Bailout

April 12 (Bloomberg) -- Bloomberg's Peter Cook reports on the future of Fannie Mae and comments made by their CEO. He speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)
Gross Seeks Vindication as he Sues Firm he Helped Build
42:33 - Bill Gross sued Pacific Investment Management Co. and parent Allianz SE for “hundreds of millions of dollars,” claiming he was wrongfully pushed out as the bond giant’s chief investment officer by a “cabal” of executives seeking a bigger slice of the bonus pool. Gross was expecting a bonus of about $250 million for 2014, with most of that due in the second half of the year, according to the lawsuit. Because he left the firm days before the third quarter ended, Pimco refused to pay him a proportionate amount, said the complaint, which claims that his termination resulted in damages to Gross of no less than $200 million.
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