The White House is contemplating naming Fannie Mae CEO Herb Allison to head the government's $700 billion Troubled Asset Relief Program (TARP), according to press reports and sources familiar with the situation.

At press time government officials weren't commenting on the situation, nor was Fannie Mae, which has been operating under a conservatorship since the fall. If Allison does depart for Treasury, it would leave both housing GSEs without a permanent CEO.

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