"I think we could easily raise $1 billion," Arledge said."We've had substantial reverse inquiry -- investors calling ussaying, 'If you guys are picked as one of the managers, wedefinitely want to talk to you about the opportunity.'" Gundlach said there was tremendous interest globally. "We've indicated to Treasury we'd have no problem raising asignificant amount of money," he said. BlackRock's and TCW's intention to take on a major role inthe toxic plan gives the government's financial stabilityeffort a much-needed endorsement, given persistent fears ofgovernment intervention, including limits on executivecompensation. Bill Gross, chief investment officer at Pacific InvestmentManagement Co., has previously told Reuters that he intends forPimco to bid for one of the five positions.

Calls to Pimcoseeking comment on an application were not returned Not all big financial firms were interested. JPMorgan Chase& Co.'s (JPM.N) chief executive, Jamie Dimon, said last weekhis firm will not participate in the PPIP. "We're certainly not going to borrow from the federalgovernment because we've learned our lesson about that," Dimonsaid. The Treasury said on Tuesday that asset managers whoparticipate in the PPIP will only face pay limits if they havea "controlling" interest in the investments. The Treasury released the guidelines just hours after areport by the special inspector general for the $700 billionTroubled Asset Relief Program said officials had indicated paylimits might apply to some asset managers in PPIP.

"What (Treasury) is clarifying is for fund managers whoactually are acting as fund managers -- meaning they areinvesting on behalf of external clients and being paid a fee todo so -- that you're not going to be subject to thecompensation limits," Arledge said. "What they've done isbasically say that anybody who wants to try to play games withPPIP should know that we are going to subject you to executivecompensation limits. All told, BlackRock's chief executive, Laurence Fink, hassaid the company intends to raise between $5 billion and $7billion. (Editing by Kenneth Barry) Stocks Bonds Global Markets Funds News ETFs News. Could we once again, see another 6th round gem in the making? Or is it simply what happens in college, stays in college? The knock on this player is that he is small, he is injury ridden, or he doesn't have the speed. I would like to take the time to state that I personally feel the Indianapolis Colts have found a diamond in the rough with the recent drafting of Michigan's all time leading rusher in Mike Hart. Mike Hart proved beyond the shadow of a doubt that he was and can be a productive runner weither it be on a collegiate level, or professional level.