ANCHOR (OFF-CAM) ENGLISH SAYING:

What deals look ripe to you right now?

WILBUR ROSS, CEO, WL ROSS & CO. (ENGLISH) SAYING:

We're, so far, only into liquids. We're into LNG, particularly relatively small-sized carriers that go to the shallow harbors in the emerging markets. And we're also into petroleum products and into crude. The petroleum products and the LNG are obviously driven in some measure by the shale gas and tight oil being found in such abundance in the U.S.

ANCHOR (OFF-CAM) ENGLISH SAYING:

Any particular names that you could give me?

WILBUR ROSS, CEO, WL ROSS & CO. (ENGLISH) SAYING:

Well, I don't want to talk about public stocks. The two companies we're involved in are basically private companies.

ANCHOR (OFF-CAM) ENGLISH SAYING:

When do you see the Fed winding down its bond-buying program?

WILBUR ROSS, CEO, WL ROSS & CO. (ENGLISH) SAYING:

Well, I think the sooner they start moderating it, the better because the more they build up this huge inventory, the more severe the shock will be as they begin to reverse it. Also, since they've been buying long-term debt, this time the Fed itself is exposed to the prospect of huge losses as interest rates go up. Historically, they used to buy short-term debt where you don't lose much on short-term debt and you can just let it roll off. But 20-year bonds are something quite different.

ANCHOR (OFF-CAM) ENGLISH SAYING:

So when do investors jump back into bonds?

WILBUR ROSS, CEO, WL ROSS & CO. (ENGLISH) SAYING:

I think you need to wait for at least 100-basis point, 200-basis point move in the 10-year Treasury from where it is now before they become attractive.