Topic: Herb Allison

The senior Treasury Department official responsible for running the government's management of hundreds of billions of dollars in toxic assets announced his resignation Wednesday.Herb Allison said he was leaving the administration as the Treasury's Troubled Asset Relief Program, or ...

Treasury's Allison stepping down as TARP overseer

WASHINGTON (Reuters) - Herb Allison, Treasury Assistant Secretary for Financial Stability, is stepping down as the department's top official overseeing the Troubled Asset Relief Program.In an email to his colleagues that Treasury made available, Allison said he intends to return to ...
Herb Allison, head of government bailout program, announces resignationHerb Allison, the head of the government's $700 billion financial bailout program, is resigning.Allison says in a letter to his colleagues in the Treasury Department's Office of Financial Stability that they ...

The Failure of HAMP

ProPublica's Paul Kiel crunches the latest HAMP numbers, and gets Treasury's Herb Allison on the record saying the kind of things which so upset...
A Special Inspector for the Troubled Asset Relief Program (SIGTARP) report released on Tuesday, May 11, 2010, said that the head of the Troubled Asset Relief Program (TARP), Herb Allison, may have told the investment bank Morgan Stanley (MS) the minimum price ...

U.S. Treasury says financial system still fragile

WASHINGTON (Reuters) - The U.S. financial system remains fragile a year after a bank bailout program was initiated and the government needs to be ready to step in to help more if necessary, a senior U.S. Treasury department official said on ...
I supported a proposal to help foreclosed homeowners by Dean Baker and Andrew Samwick back in June (see " Apparently, the Obama Administration likes this proposal and is floating a trial balloon via Treasury Assistant Secretary Herb Allison (hat tip Marshall Auerback).. It ...

New TARP chief: Economy on mend, but vigilance needed

WASHINGTON (Reuters) - The new overseer of the U.S. government's $700 billion bank bailout fund said on Wednesday an intently awaited program to cleanse toxic assets from banks' balance sheets should soon be ready to roll out.Herb Allison told a ...
Senate confirms former head of Fannie Mae to oversee government's $700B bank bailout programHerbert Allison, the former head of troubled mortgage giant Fannie Mae, has been confirmed to oversee the government's $700 billion bank bailout program.The Senate voted Friday ...

BAILOUT MANEUVERS

BAILOUT MANEUVERS When Washington unveiled plans to subject big banks to " stress tests" to see how they would fare if the economy got even worse, regulators indicated the results would stay secret to avoid spooking investors and setting off bank runs. Now ...