Tarp to get new head, Goldman to repay funds

Reports emerged on Tuesday that the head of Fannie Mae would replace Bush-administration appointee Neel Kashkari as the overseer of the Troubled Asset Relief Program (Tarp). The news came after Goldman Sachs announced on Monday a $5 billion public offering aimed at repaying the funds it received from the bailout package.

The Wall Street Journal, a newspaper, reported on Tuesday that Herb Allison, now the president and chief executive of Fannie Mae, a government-controlled mortgage lender, wou