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Dealbreaker Afterdark: Fannie Mae CEO To Head Bailout Nation

And you thought today would end without a good, deep laugh.

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.

Bank Vet Tapped to Run Bailout [The Wall Street Journal]


Fannie Mae Seeks Another Government Bailout

Fannie Mae is asking for another $8.4 billion from the government to cover losses on bad mortgages after reporting a dismal first-quarter loss of $13 billion.