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Home » Store » News » Obama to Tap Fannie CEO Allison to Run TARP, Two GSEs to be ‘Headless’ at Critical Juncture

Obama to Tap Fannie CEO Allison to Run TARP, Two GSEs to be ‘Headless’ at Critical Juncture

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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...
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