Fannie Mae CEO Herbert Allison Jr. named Treasury’s bank bailout chief

According to Breitbart:

The White House turned to an experienced former investment banker Friday to run the federal government’s $700 billion bank rescue effort, selecting the head of mortgage giant Fannie Mae as an assistant Treasury secretary. Herbert Allison Jr., Fannie Mae’s president and CEO, will replace Neel Kashkari, a holdover from the Bush administration. Allison, who must be confirmed by the Senate, would bear the title of assistant Treasury secretary for financial stability and counselor to Treasury Secretary Timothy Geithner.

Oh…that’s reassuring..Fannie Mae is in such good shape… Who’s next? Bernie Madoff to run Social Security due to his expertise in ponzi schemes

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April 17, 2009 · Filed Under Barack HUSSEIN Obama


Comments

  • sheila modena

    Help us and others save our homes.
    Government to allow homeowners a one-time no penalty withdrawal from IRA’s to pay off mortgage.
    Can you help get this message out to the public for support and send to our government? We have tried unsuccessfully. Jim & Sheila Modena, ages 66 and 63