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TARP Czar – Herb Allison

Lest-We-Forget :: PRESENT ADMINISTRATION :: Czars

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TARP Czar – Herb Allison Empty TARP Czar – Herb Allison

Post by Admin Tue 25 Jan 2011, 10:53 pm

TARP Czar – Herb Allison

Title: Assistant Secretary of the Treasury for Financial Stability

Salary: unknown

Reports to: Treasury Secretary Timothy Geithner

Appointed: June 2009

Department that might have handled similar issues: Treasury

• Leads the government’s $700 billion financial rescue program in the office of financial stability

• Veteran Wall Street banker and interim head of the mortgage-finance company Fannie Mae

• Worked at Merrill Lynch for 28 years, reaching position of president and COO

• Was CEO of Teachers Insurance and Annuity Association College Retirement Equities Fund (2002 to 2008); CEO of the Alliance for Lifelong Learning (2000 to 2002)

• Has undergraduate degree from Yale and MBA from Stanford

• 2000: was John McCain’s 2000 presidential campaign finance chairman

• In 2008, donated $2,300 to Obama’s presidential campaign

(SOURCE: List of Obama Czars by Glenn Beck
-------------------------------------------------------------------------------------

Fannie May CEO responsible for the US recession by using real estate mortgages to back up the US stock market.

Caused millions of people to lose their life savings.
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