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Wednesday, November 09, 2011

Herbert M. Allison Reviewing DOE 'Green' Loan Program

Herbert M. Allison has been chosen by the White House to advise them on the Department of Energy's "green" loan program. He was recruited after the collapse of Solyndra, a solar company that received $535 million in federal loan guarantees.

Herbert M. Allison
Herbert M. Allison, Jr.  served as Assistant Secretary of the Treasury for Financial Stability of the United States. He left the Treasury Department in September 2010. His previous position was as President and CEO of Fannie Mae, a post to which he was appointed in September 2008, after Fannie was placed into conservatorship. Prior to that, Mr. Allison was Chairman, President and Chief Executive Officer of TIAA-CREF from 2002 until his retirement in 2008.

Mr. Allison began his career at Merrill Lynch as an associate in investment banking and served variously as Treasurer, Director of Human Resources, Chief Financial Officer, Executive Vice President, President, Chief Operating Officer and as a member of the Board during his 28 years there. After leaving Merrill Lynch in mid-1999, he served as National Finance Chair for U.S. Senator John McCain's first Presidential Campaign
Allison, the son of an FBI agent, earned a B.A. in philosophy from Yale University. Following four years as an officer in the U.S. Navy, including one year in Vietnam, he received an M.B.A. from Stanford University. (Wiki)

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