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Today's Top Videos: Lehman, Pimco's Gross & More...

CNBC.com
Wednesday, 10 Sep 2008 | 7:22 PM ET

Lehman Brothersreported a record $3.93 billion quarterly loss, while top economists debated over the GSE takeover of Fannie Mae and Freddie Mac. Following are today's top videos:

World's Biggest Short-Seller
Breaking bread with one of the most powerful men in the hedge fund industry, with Jim Chanos, Coalition of Private Investment Companies and CNBC's Charlie Gasparino.

World's Biggest Short Seller

“We have some financials we’re short. We were overweight from ‘05 on, and we cutback starting in the first quarter. In our short funds, we’re about 10 to 12 percent in the financials, which is the lowest it’s been in a while. We’re not short Lehman , and haven’t been.”

—Jim Chanos, Coalition of Private Investment Companies

Pimco's Gross Praises GSE Takeover
The head of the world's largest bond fun backs the government's bailout of Fannie/Freddie, with Bill Gross, Pimco founder; Nouriel Roubini, RGEMonitor.com and Bill Ackman, Pershing Square Capital Management

Pimco's Gross Praises GSE Takeover

“I like the Paulson plan. I’m familiar with [Bill Ackman’s] plan and I think it is also a good one, but he talked about subordinate debt and I think that would have sent shockwaves around the world. It would have sunk the dollar if the agencies had defaulted on agency debt. So from that standpoint, I disagree. I prefer the Paulson plan because it attempts to lower mortgage rates and therefore support housing prices.”

—Bill Gross, Founder & CIO, Pimco

Ackman on the GSE Bailout
Perspectives on Lehman, Fannie & Freddie, with Bill Ackman, Pershing Square Capital Management managing principal

Ackman on the GSE Bailout

“I think Lehman is in a very tough spot. We’ve bought puts on Lehman almost more as a market hedge than a bet against Lehman and if Lehman goes [down], it’s bad for markets generally. I think the catalyst for our buying puts was the Fannie Mae and Freddie Mac restructuring.”

—Bill Ackman, Managing Principal, Pershing Square Capital Management

Stop Trading, Listen to Cramer!
Mad Money host Jim Cramer shares his stock picks with CNBC's Erin Burnett.

Stop Trading, Listen to Cramer!

“I’ve been recommending JP Morgan and Bank of America —these are part of my charitable trust. Yesterday they looked horrible—but I’ve been saying that you should buy on weakness, every time it’s down. I’ve recommended Wachovia when it was down and BB&T .”

—Jim Cramer, CNBC’s Mad Money

Maria's Market Message
CNBC's Maria Bartiromo discusses the day's top business and financial stories, and looks ahead to tomorrow's Closing Bell.

Maria's Market Message

“Initial jobless claims and international trade numbers could set the tone for trading on Thursday, but the big story on Wall Street Wednesday was Lehman Brothers. The bank under severe pressure, once again, after releasing a quarterly release report with heavy losses.”

—Maria Bartiromo, CNBC’s Closing Bell

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