Posted on 04/17/2009 3:45:50 PM PDT by Free ThinkerNY
WASHINGTON (AP) - The White House has announced that Fannie Mae's president and chief executive, Herbert Allison Jr., 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.
Allison must be confirmed by the Senate.
(Excerpt) Read more at silive.com ...
Stop this crazy ride!!! I want off
Shaking my head in disbelief - again.
Friday evening news cycle curveball.
I miss the first week of this Administration when it was Carter II , now its gone so far beyond ridiculous that its like a bad hallucination.
The fox in charge of the henhouse?
Next up, Joseph Hazelwood to Captain for Carnival Cruise Lines!
Will even one Republican senator oppose this nomination?
Criminals flock together.
Ordinarily, I would be shocked and amazed. B-U-T, now, crap like this is just a normal everyday occurance, like breathing.
I think the plan is to implement shock and awe in the beginning so we’ll just become accustomed to the despair.
God I wish I would wake up from this nightmare! It seems so real, but I know that any minute now the alarm is going to sound and it will be time to get up and get ready for work.
i’m not sure if I have my facts correct but I believe he was appointed by the Bush administration when Fannie/Freddie were converted into a converatorship
There appears to be no end to the effrontery of BO.
Jamie Gorelick (yes, THAT Jamie Gorelick of 9-11 Brick Wall fame) earned an estimated $26,000,000 serving as vice chair of Fannie Mae from 1998 to 2003.
The Clinton administration's White House Budget Director Franklin Raines ran Fannie and collected $50,000,000.
Big Democrat Jim Johnson, recently on Obama's VP search committee, has hauled in millions from his Fannie Mae CEO job. Johnson earned $21,000,000 in just his last year at Fannie Mae.
Hey! wait a minute ... you're forgetting the First Rule of Holes!
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