Tags: US | Bailout | Resignation

Financial Bailout Chief Announces Resignation

Wednesday, 22 Sep 2010 10:11 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

WASHINGTON (AP) — Herb 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 had accomplished a great deal.

He said that the bailout fund, known as the Troubled Asset Relief Program, has proven to be remarkably successful in achieving its goal of stabilizing the nation's financial system and laying the groundwork for an economic recovery.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Obama Goal of Gitmo Closure Stalled at Pentagon

Tuesday, 30 Sep 2014 08:02 AM

The transfer of prisoners out of Guantanamo Bay has ground to a halt amid a slow Pentagon approval process, causing deep . . .

Report: North Korea's Leader Missing for a Month Due to Surgery

Tuesday, 30 Sep 2014 07:49 AM

North Korean leader Kim Jong Un has been hospitalized after surgery on both ankles earlier this month, a South Korean ne . . .

Cruz, Perry, Huckabee, Jindal Mobilize Christian Vote for Midterms

Tuesday, 30 Sep 2014 07:41 AM

A number of possible GOP presidential candidates have recorded radio ads urging conservative Christians to vote in Novem . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved