HUFFINGTON POST
04/24/2009 05:12 am ET Updated May 25, 2011

Frank Brosens, Treasury's Top Candidate To Run TARP, Drops Out

WASHINGTON -- The leading candidate to run the Treasury Department's $700 billion bailout program has withdrawn his name from consideration, according to people familiar with the matter.

Frank Brosens, a hedge-fund manager and big Democratic donor, was considered the top contender to run the Treasury's Troubled Asset Relief Program. Treasury Secretary Timothy Geithner is now considering several other candidates, including Herb Allison, who currently heads mortgage titan Fannie Mae.

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