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'Most of the people who think we should shut [the GSEs] down have a pure philosophical belief and they don't care what the outcome is,' says Pimco's Scott Simon. 'Or they simply don't understand anything about how housing finance works.'

Housing to Collapse in Fannie, Freddie Pullback, Pimco's Simon Warns

by Kate Berry
MAY 13, 2013 4:51pm ET
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Scott Simon, head of mortgage-backed securities operations at fixed income giant Pacific Investment Management Co., argues on the eve of his retirement that the government-sponsored housing enterprises should continue to play a major role in housing finance.

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