The Obama administration is expected to name Fannie Mae CEO Herb Allison to head the US government’s $700bn TARP financial rescue program, reports Reuters. The announcement is expected “in coming days,” said a person familiar with the matter. Michael Williams, Fannie Mae’s chief operating officer, is expected to be named Allison’s successor.

This entry was posted by Gwen Robinson on Tuesday, April 14th, 2009 at 4:07 and is filed under Capital markets, People. Tagged with Fannie Mae, Herb Allison, TARP. Edit this entry.