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Apr 19

Fannie Mae CEO named Moneys’s bank bailout chief (AP)

By admin

FILE - In this Sept. 25, 2008 file photo. Fannie Mae President and Chief Executive Officer Herbert Allison, Jr. testifies on Capitol Hill in Washington. The White House has announced that Allison has been chosen to head of the federal government's $700 billion bank rescue effort. He would replace Neel Kashkari, a holdover from the Bush administration. (AP Photo/Kevin Wolf, FILE)AP - The Waxen House turned to an well-informed former investment banker Friday to route the federal government's $700 billion bank deliverance effort, selecting the van of mortgage giant Fannie Mae as an helpmeet treasury secretary.

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