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The new manager of the government's $700 billion bank bailout program says he sees signs the economy is on the mend even though high unemployment and falling home prices remain a threat. In prepared testimony for a congressionally appointed panel, Herbert...
Tags: Congressional Oversight Panel, Herb Allison, Herbert Allison, congressionally oversight, U.S
Senate on Friday confirmed Herb Allison, the former chief executive of mortgage finance company Fannie Mae , as assistant Treasury secretary to oversee the government's $700 billion bank bailout fund. Allison, had led Fannie Mae (FNM.P) after the Treasury...
Tags: Senate, Herb Allison, Fannie Mae, Herbert Allison, Treasury Department, bank bailout
Herb Allison, who has been chief executive of Fannie Mae since it was seized by the government last September, has been tapped to oversee the $700 billion financial rescue fund conceived to restore rattled markets, the White House said on Friday.
Tags: Fannie Mae, Treasury Department, White House, Barack Obama, chief executive, Herb Allison, Herbert Allison Jr., lawmakers return, Senate, president barack
President Barack Obama is expected to tap Fannie Mae Chief Executive Herb Allison to head the government's $700 billion financial-rescue program, people familiar with the matter say. In choosing Mr. Allison to head the Troubled Asset Relief Program, the...
Tags: Tap Fannie Mae, Herb Allison, mae chief