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 This material may not be published, broadcast, rewritten or redistributed.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:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

NYT's Maureen Dowd: Obama Is Outsourcing the Race Issue

Wednesday, 27 Aug 2014 12:57 PM

President Barack Obama has farmed out part of his presidency during his past six years in office - and now's he's outsou . . .

Military: F-15C Crashes in Mountains of Virginia

Wednesday, 27 Aug 2014 11:55 AM

An Air Force jet based in Massachusetts crashed in the mountains of western Virginia on Wednesday, shaking the ground an . . .

Sens. Rubio, Casey: ISIS Best Funded Terror Group in History

Wednesday, 27 Aug 2014 10:43 AM

Two senators from across the aisle have joined forces to demand that the Obama administration finds a way to cut off the . . .

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