Posted on 04/17/2009 3:46:26 PM PDT by softengine
WASHINGTON (Reuters) - Herb Allison, who has been chief executive of Fannie Mae since it was seized by the government last September, has been tapped to oversee the $700 billion financial rescue fund conceived to restore rattled markets, the White House said on Friday.
Allison must be confirmed by the Senate before he can succeed Neel Kashkari and become Treasury assistant secretary for financial stability. In that role, Allison will be charged with overseeing several federal programs meant to improve the availability of credit, aid major automakers and boost the housing market.
(Excerpt) Read more at reuters.com ...
Friggin brilliant.
NOT.
In other news, the fox has just been placed in charge of the henhouse...
Specter, Snow and Collins readying their “yes” votes.
This is going to end well. [/sarc][/cynic]
We must hit our elected ‘tards with our thoughts on this.
Kind of like the fine line between genius and insanity, I guess there’s only a fine line between being put in charge and being put in prison.
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