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white men with money

Meet Herb Allison, Fannie Mae’s New CEO

"After joining TIAA-Cref, Mr. Allison fired 500 employees, or about 8 percent of the work force, in a round of cutbacks that employees nicknamed Herbicides." Yikes. [NYT]

Earlier: The For-Idiots, By-Idiots Guide to the Fannie Mae/Freddie Mac Bailout

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Photo: nytimes.com