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Meet Herb Allison, Fannie Mae’s New CEO

He advised John McCain in his 2000 campaign and worked for Merrill Lynch for almost 30 years. But to his employees at TIAA-Cref, he was notorious for another reason.

By Jessica Pressler

Fannie and Freddie Get Some Good News

The mortgage giants have seen their largest profits in ten years. Plus, who buys a friend a $3 million apartment, and who wants a truck depot in Soho?

The Obamas All Over the Glossy Newsstand, Once Again

Michelle and Barack appear on the covers of 'Ebony' and 'Essence.' But Meghan McCain has an interview in 'Glamour'! Plus the latest on Barbara Corcoran, John Thain, and the other captains of industry.

Katie Couric: ‘America Is Giving Me the Hillary Clinton Treatment’

The CBS anchor identifies with the former presidential candidate. Plus, why it's not looking good for Wall Street bonuses, or the doorman who won $5 million on a scratch ticket a couple of months ago, and more, in our daily rundown of New York media, finance, real-estate, and law news.

Citigroup Posts $2.5 Billion Loss

A lot of big news at the banks today — but there's also crazy stuff going down with Jeff Zucker, Dan Rather, Brooke Astor (from beyond!), and Barack Obama, in our daily industry roundup.