Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Allison confirmed for Treasury Financial Stability post
WASHINGTON (6/23/09)--Herbert Allison, the former Fannie Mae CEO who was nominated to run the Troubled Asset Relief Program, was confirmed last week by the U.S. Senate. As Assistant Secretary for Financial Stability, Allison is now responsible for developing and coordinating Treasury's policies on legislative and regulatory issues affecting financial stability, including overseeing the Troubled Asset Relief Program (TARP). Allison is also Counselor to Treasury Secretary Timothy Geithner. "Herb Allison has extraordinary experience strengthening American financial institutions and has demonstrated great leadership in recent months at Fannie Mae. We are pleased to have him guiding the administration's financial stability efforts here at Treasury," Geithner said when announcing the confirmation. Most recently prior to this appointment, Allison served as president/CEO of Fannie Mae. He began his career at Merrill Lynch, serving many roles over the years, which led to his ultimate election as president/COO and board member.


RSS print
News Now LiveWire
#FreeGasFriday courtesy of @tvfcu, TN #creditunions http://t.co/wDRFYJVlpz
14 hours ago
If you were unable to watch or attend @cuna 's @thehill Hill forum on Wed., you can now watch the archived version: http://t.co/FhUnp7HbU8
15 hours ago
Time is running out. If you haven't taken the #NewsNow readership survey, please click here now: http://t.co/4Gp6C2Wa4o
15 hours ago
African financial inclusion possible with mobile money: @IMFNews study http://t.co/0V5DTQToxY
16 hours ago
Louise Herring's birthday is Saturday. 105 years later, her legacy lives on through her kids http://t.co/oMqGADmo0d http://t.co/T3NmS9NqEY
17 hours ago