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Fannie Mae Chief Executive Herb Allison to run TARP: WSJ
LOS ANGELES (MarketWatch) -- President Barack Obama is expected to tap Fannie Mae Chief Executive Herb Allison to head the government's $700 billion Troubled Asset Relief Program, The Wall Street Journal reported late Monday, citing people familiar with the matter. Obama could announce his intention to nominate Allison as assistant secretary for the Office of Financial Stability as early as this week, the report said. He would replace Bush-appointee Neel Kashkari, who was asked by Treasury Secretary Timothy Geithner to stay on until a replacement was found. |
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