Fannie Mae CEO Allison to head TARP

AP
4/14/2009
Source …..

A published report says Fannie Mae CEO Herb Allison is expected to be named by the Obama administration to head the government’s $700 billion Troubled Asset Relief Program.

President Barack Obama could announce his intention to nominate Allison as assistant secretary for the Office of Financial Stability as early as this week, the Wall Street Journal reported Tuesday.

Allison, 65 years old, is the former chairman of investment company TIAA-CREF and served as president and chief operating officer at Merrill Lynch.

A Treasury spokesman was not immediately available for comment.

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