Meet The New Bailout Boss
It’s Herb Allison, according to today’s reports, who’ll be moving from the bailed-out Fannie Mae to the bailout command center at the Treasury Department. He’ll be replacing Neel Kashkari, the young Goldman Sachs alum who came to be known as the fresh face of the TARP. Fun fact: Allison, at 65, is 30 years older than Kashkari.
With Allison leaving Fannie, both Fannie and Freddie now lack a permanent CEO. David Moffett, who like Allison was appointed after the government takeover last September, jumped ship at Freddie last month. It seems it’s not a very attractive gig.
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2 comments
dg
April 14, 2009, 11:08 p.m.
No! You’ve got to be kidding me!
dg
April 14, 2009, 11:11 p.m.
Sorry.. premature, he came into Fannie in 2008, ‘after’ the problems arose. Was formerly head of the teachers insurance and annuity association, a more reputable organization.
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