Herb Allison, Fannie Mae Chief, Tapped To Run Bailout

Wall Street Journal:

WASHINGTON -- 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 administration is turning to an experienced manager at a time when it is having trouble filling key finance posts. Mr. Allison, 65 years old, is the former chairman of investment company TIAA-CREF and was a Merrill Lynch & Co. executive for years. In September, he agreed to run Fannie Mae after the U.S. took over the mortgage giant and its sister firm, Freddie Mac.

Read the whole story: Wall Street Journal

Comments

[SammyGone]

Maybe he could borrow Michell's hair stylist and make-up artist.

[LeftLeanWing]

I think he'll need George Lucas to do some SpecialFX from Industrial Light and Magic to dim that light bulb head.

[sweepstop]

Hey, dont pick on him because he's bald. There are some fine, upstanding bald men that I'm sure would have made fine appointmen­ts...

...and I may be follically challenged as well :)

[EminemsRevenge]

At the risk of sounding foolishly facetious---I think Suze Orman is the 'man' for the job...and i don't even like her!

What REALLY needs to be done, though, is to put the Post Office in the "banking" business to keep those slimeballs HONEST---and re-opening Alcatraz for *Uber*white-collar criminals with their Ponzi schemes??? THINK we can bipartisan THAT;)

[beaupritchard]

I like Warren

[JZ735]

Suzy is incredibly annoying..­.if I hear her say "girlfriend" one more time...

[mick7191]

fu

[DontJustFollow]

Hope and Change I guess -

Bet you he doesn't leave until he gets his million dollar bonus from Fannie!

some one should look into how much money is changing hands this time.

[theclosetconservative]

I hope he does better work than Franklin Raines or Jamie Gorelick. http://theclosetconservative.com

[GlobalWarmingHoax]

financially, I am sure he will get $90 million or $15 million that those before hm blazed the path before him...

[Beamreach]

Wow! That's really "thinking outside the box"! I'll sure sleep better....

[OddOggV2]

Fannie Mae has done so well, this is a wonderful choice.

[surfvenice]

sarcasm right?

[LaHenche]

Ever see that movie 'Scanners' ?

[LeftLeanWing]

He does look the older brother grown up doesn't he..

[KarvilMarz]

Herb looks like an alien with his large somewhat triangular head. Please Herb "take me from my leaders"

[Ergon]

The guys over at Goldman Sachs look like vampires. So?

[instagladiator]

BO's "Spock" ears. Don't you see it? You're being taken over by "them"!!

[dems08]

a spore person from Plant Basidium..­..

http://4.bp.blogspot.com/_s8l-yu7AZLM/SYifUhF7v4I/AAAAAAAAGEQ/YaPd5_0sJeI/s1600-h/mushroom_planet01.jpg

[byla]

Uh, isn't that like putting the mouse in charge of the cheese factory?

[vinny]

obama, dont feed the mice!

[DissedBeliever]

Oh so THAT'S what Simon Bar Sinister has been doing all these years since UnderDog was cancelled.

[Cherubim]

Who said this: "The lobbyists write the laws."?
Click on the video and find out.
http://www.youtube.com/watch?v=7rfS_XogwxU

[StoptheBailouts]

Hmmm....Ob­ama having trouble getting people vetted, huh..??

[jdmccl]

Too bad the Pope squashed Kennedy. She can get a job anywhere.

[JZ735]

Say what?

[KO4Pres]

t e s t........?

[sshaler]

This gets scarier as more of the people who collapsed the economy get to 'fix' it...., speaking from a general public point of view since I have no way of finding out nuances of how these choices are made. What counts in leadership is portraying impeccability as much as exercising it.

[AdamND]

Actually this guy wasn't the head when it went down. He's the dude the gov't had come in to fix it after it fell.

[byla]

Oh, ok, then I take back my later comment/analogy, if that is the case.

[Tracy Hale]

Did you read the article? He took over Fannie in SEPT.....

He was head of TIAA-CREF before, a very good investment company.

He's one of the good guys.

[vinny]

merrill lynch...

[jdmccl]

That is true that most of the damage Barney Frank did was before Sept. TC is another big house investment firm, why are they any better than the other crooks you are blaming? Political affiliation maybe??

[JZ735]

You are a very sad shill...th­at is COMPLETELY irrelevant.