The Obama administration is expected to name Fannie Mae (FNM.N) Chief Executive Herb Allison to head the U.S. government’s $700 billion financial rescue program, a source familiar with the matter said on Monday.
The announcement is expected “in coming days,” the source said, adding that Michael Williams, Fannie Mae’s chief operating officer, is expected to be named as Allison’s successor.
This makes a whole lot of sense. Put the guy who drove Fannie Mae into the ground in charge of the TARP funds. Smart move, if the only change you want is FAIL.
Sphere: Related Content
- Pingback: Progress!
- Beth Charette on Rates Are Going Through The RoofI agree with this because I saw state regulations ... »
- Josh on Easy vs. ParalyzedI think things are going to get much worse before ... »
- mmo on The Art Of The Debt Swaplol...zero accountability has led to this situatio... »
- Rose @ Noni Juice Goodness on Way To Go Home DepotThis news is sad. I think, President Obama should ... »
All original content is
copyright © 1997-2010,
The One And Only
Slobokan.
All other material and brand or product names are copyright and/or registered trademarks of their respective holders.
E-Mail sent to any kooksinsuits.com address, or the feedback address listed at the top of the page, may be considered for publication unless the recipient is expressly notified otherwise.
This weblog is licensed under a Creative Commons License.
copyright © 1997-2010,
The One And Only
Slobokan.
All other material and brand or product names are copyright and/or registered trademarks of their respective holders.
E-Mail sent to any kooksinsuits.com address, or the feedback address listed at the top of the page, may be considered for publication unless the recipient is expressly notified otherwise.
This weblog is licensed under a Creative Commons License.