Fannie Mae exec tapped for lead TARP post

The chief executive of Fannie Mae has been selected to oversee the $700 billion Troubled Asset Relief Program (TARP).

Reuters reports that Herb Allison, who has been heading Fannie Mae since it was taken over by the federal government last year, will be nominated.

Allison must be confirmed by the Senate.

Sponsored content: Agency managers surveyed, many unsure about data storage or how to improve it. Learn more in our next generation data center survey.

Read more: Fannie Mae chief tapped to head U.S. bank rescue (Reuters)

Advertisement