TARP Czar

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

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