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Obama expected to place Fannie Mae Executive in Charge of TARP? Isn't this just more of the same?

Where is Change we can believe in? Is Obama placing another fox in the henhouse?

WASHINGTON -- President Barack Obama is expected to tap Fannie Mae Chief Executive Herb Allison to head the government's $700 billion financial-rescue program, people familiar with the matter say.

Allison was also a Merrill Lynch & Co. (who was in desperate need of the first bailout)executive for years. Do you think this is the right move? Shouldn't we get someone who hasn't worked for a company that was IN need or BENEFITED, or CONNECTED with companies who have received a bailout?

Answer Question

Asked by grlygrlz2 at 9:00 AM on Apr. 14, 2009 in Politics & Current Events

Level 39 (106,530 Credits)
Answers (28)
  • I believe the change he was referring to, was what is left in our pockets.


    Answer by momjoy1027 at 9:06 AM on Apr. 14, 2009

  • banging head into wallI think this sums it up nicely.  That's all I've got for now. 


    Answer by QuinnMae at 9:08 AM on Apr. 14, 2009

  • I believe the CHANGE Obama was referring to is, how he and his administration plan on changing this once great country into an unrecognizable waste land.

    Answer by LoriKeet at 9:09 AM on Apr. 14, 2009

  • How ridiculous but I am barely surprised anymore at his actions.

    Answer by tnmomofive at 9:23 AM on Apr. 14, 2009

  • oh, the incredible depths of hypocrisy. GM's executive had to step down, but Fannie Mae's guy gets the equivalent of a promotion?

    And you want a reason government shouldn't run health care? That's like saying the doctor with the highest body count runs the whole thing.

    Answer by lovinangels at 10:23 AM on Apr. 14, 2009

  • The man is an idiot when it comes to the people he is nominating to positions.

    A tax evader for head of IRS.

    A pro abortion woman for ambassador to the Vatican.

    A pro LATE term abortion woman for health and human services secretary. A woman who has received (and lied about) a great deal of money from a man who BRAGS about the amount of late term abortions he performs. Oh, and while he was giving her this money she was vetoing abortion regulations.

    And that's just a few.....and now THIS!  He (or his advisers) are STUPID when it comes to this stuff.



    Answer by momof030404 at 10:28 AM on Apr. 14, 2009

  • Whatta ya gonna do?????????????????

    I didn't vote for the idiot!!!!!!!!!!

    You notice Barney's still hanging around.

    These people have so much crap on each other, they all have to keep their mouths shut and no one will ever be ratted out, even if one  of them murders somebody on the White House lawn.

     Meanwhile, the American people are giving away the store. At least the ______________s who voted for him are.

    It's the end of the world as we know it,   it's the end of the world as we know it, AND I FEEL FINE...............



    Answer by mustbeGRACE at 10:42 AM on Apr. 14, 2009

  • What a coincidence, that I was looking online last night after my husband came in and told me he had heard on the radio that Time Warner Cable has decided to go with its plan to charge people for Internet service based upon how much they download. The media has questioned whether this move is because Time Warner is in financial trouble and needs to boost receiveables. Well anyway I wanted to find out any Gov. connection of its head honchos and discovered, low and behold that Herb Allison is on the Board of Directors. Yep, same Herb Allison--President and Chief Executive Officer, Fannie Mae. Former Chairman, President and Chief Executive Officer, TIAA-CREF. By the way if you want unlimited Internet its now going to cost you $150.00 a month.


    Answer by Msaural at 10:58 AM on Apr. 14, 2009

  • Guess who else is on the Time Warner Board of Directors?
    Frank J. Caufield

    • Co-Founder and Partner, Kleiner Perkins Caufield & Byers – 1978 to present. KPCB is one of the largest venture capital firms in the U.S.

    • Prior Professional Experience: Previously, Mr. Caufield served as General Partner and Manager, Oak Grove Ventures, a venture capital partnership in Menlo Park, California – 1973 to 1978.

    • Company Directorship: Mr. Caufield is the Lead Independent Director. He was a Director of America Online from 1991 until the AOL-Historic TW Merger in January 2001, and has been a Director of the Company since that date.

    • Other Directorships: Mr. Caufield is a Director of the Council on Foreign Relations and the U.S. Russian Investment Fund.


    Answer by Msaural at 11:07 AM on Apr. 14, 2009

  • Whooooooooooooo-Hooooooooooooooooooooo.

    Taxes, taxes, taxes and delicious user fees.


    Answer by mustbeGRACE at 11:09 AM on Apr. 14, 2009

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