Senate Confirms Allison As TARP Director

Mae's former president and CEO, Herbert M. Allison Jr., has been confirmed by the Senate to serve as the Department of the Treasury's Assistant Secretary for Financial Stability. In his new role, Allison is responsible for developing and coordinating the Treasury's policies on legislative and regulatory issues affecting financial stability, including overseeing the Troubled Asset Relief Program (TARP). Allison is also counselor to Secretary Tim Geithner. ‘Herb Allison has extraordinary experience strengthening American financial institutions and has demonstrated great leadership in recent months at Fannie Mae," says Geithner. Prior to being appointed to Fannie Mae, Allison was chairman, president and CEO of TIAA-CREF. Allison began his career at Merrill Lynch, where he served many roles and was ultimately elected president, CEO and a member of the board. SOURCE: Tre


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