Obama to Tap Fannie CEO Allison to Run TARP, Two GSEs to be ‘Headless’ at Critical Juncture
April 16, 2009
President Barack Obama this week is poised to call upon a well-seasoned Wall Street executive, Fannie Mae CEO Herb Allison, to oversee the $700 billion Troubled Asset Relief Program. While the expected move will bring in a highly qualified hand to steer the TARP, it also will leave a void at the top of one of the two government-sponsored enterprises at a time when the pair are...